How NextFab's accelerator helped get this startup off the ground - Philly


Jan. 3, 2018 7:29 am

How NextFab’s accelerator helped get this startup off the ground

GuestOf landed its first paid pilot a month after graduating from the program, which is now looking for a new slate of startups.

GuestOf cofounder Matt Nicosia.

(Courtesy photo)

GuestOf founder Matt Nicosia looks back fondly on his startup’s first product at the time it was entering NextFab’s RAPID accelerator.

“We were very much pen and paper,” Nicosia said. “It was a really initial prototype. It was working, but very much the definition of a Minimum Viable Product.”

The early stage startup, now based out of University City’s IC@3401, spent the 12-week program working on its product — an access control software/hardware combo for buildings and facilities.

“We had the team help us with what it needed to look like,” Nicosia said. “We graduated from RAPID in January 2017, and we installed the first pilot at a building in February, which later became our first paying customer.”

By fall 2017, the company had made a splash at TechCrunch Disrupt in San Francisco, pitched its product at the 1776 Challenge Cup and partnered with QR code creator Denso Wave. Not too shabby.

“We’ve been doing and a lot, and a lot of that is credited to the base we got in the accelerator,” Nicosia said of the RAPID program, which stands for “Revenue through Advanced manufacturing, Product development, Innovation, and Design.”

By Jan. 18, 2018, startups can apply to join the program’s Spring cohort, which now offers seed funding alongside training, mentorship and office space.

Apply by Jan. 18

“Our previous cohort greatly expanded our reach, because we managed to attract startups coming all the way from Boston, New York, and Washington, D.C.,” said Todor Raykov, who runs the program. “For our next cohort, we will keep the geographical scope the same, but we are going to double our efforts to bring even more value to the selected entrepreneurs. Connecting them to our network of local manufacturers, investors, advisors, successful entrepreneurs, and the great talent pool available in Philly is what we think will keep these startups in our region.”


Companies: NextFab
Already a member? Sign in here
Connect with companies from the community
New call-to-action


Haircare startup NaturAll Club is getting ‘a blank canvas’ in Bok building

NeuroFlow is teaming up with a genetic testing biz to advance its mental health platform

A Philly fintech company is #5 on this year’s Inc. 5000 list



Meet these 10 hiring companies at Super Meetup


Vistar Media

Front End Engineer

Apply Now

Vistar Media

Sr. Software Engineer

Apply Now
Philadelphia, PA - Center City


Sr. Project Manager

Apply Now

Philly startups need more early-stage investments to compete

Aramark just bought an on-demand food delivery service app

Philly Startup Leaders just launched a new website and plans for a resource center



Verizon is looking for the brightest ideas on how to use its 5G technology

Philadelphia, Pa


Event Sales Ambassador

Apply Now


DevOps Engineer

Apply Now

Sign-up for daily news updates from Philadelphia

Do NOT follow this link or you will be banned from the site!