Apply to NextFab's accelerator for a shot at free office space, mentorship and funding - Technical.ly Philly

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Jul. 25, 2017 10:29 am

Apply to NextFab’s accelerator for a shot at free office space, mentorship and funding

The fall cohort of the makerspace's RAPID accelerator program is looking to help local hardware startups. Apply by Aug. 16.
Making things at NextFab.

Making things at NextFab.

(Courtesy photo)

Just over a month after launching its first out-of-state location in Wilmington, Del., makerspace NextFab is on the lookout for startups to join the next cohort of its RAPID accelerator.

Formerly a simpler deal for startups, the program was expanded in 2017 to include some capital infusion as part of the more traditional offering of mentorship, office space and networking. Each of the four startups selected for the fall program will receive a $25,000 investment by way of a SAFE note.

Companies in the hardware space must apply to the 12-week program by Aug. 16. Though all of the programming will take place at the Washington Avenue location, startups can use any of NextFab’s spots, including the Wilmington space.

Apply

What kind of startups should drop their name in the hat? NextFab Venture Service Manager Todor Raykov said the ideal company would be working to fix problems with substantial impact on society. Ideal candidates should also have a physical prototype, an estimate of their market size and a commitment to stay in the Philadelphia region.

For Strados Labs cofounder Nick Delmonico, being in the spring cohort was a solid deal.

“It was a good experience and helped us move the company forward,” Delmonico said when reached by Technical.ly. “For hardware companies a cash infusion is great. Being at their facilities let us connect with other companies and using their gear was helpful for rapid prototyping.”

Here’s the full lineup of companies from the spring cohort.

Companies: NextFab
People: Evan Malone
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