AI, medical devices and sports tech startups land in NextFab's accelerator - Technical.ly Philly

Business

Apr. 26, 2019 1:18 pm

AI, medical devices and sports tech startups land in NextFab’s accelerator

These five companies will spend three months getting funding, office space and mentorship from the Philly makerspace.

Making things at NextFab.

(Courtesy photo)

The spring cohort of makerspace NextFab’s RAPID accelerator program, which connects hardware startups with resources, includes companies in the artificial intelligence, medical devices, clean tech and sports tech spaces.

The program, first launched in 2016, gives companies a $25,000 seed investment to develop their products, mentorship, access to potential follow-on funding, and access to its makerspaces in Philadelphia and Delaware.

Here’s the lineup of companies:

  • Deepwave Digital: Using artificial intelligence and deep learning in the wireless systems and radio frequency signals space.
  • Pression: An athletics wearable that promises to boost performance.
  • Outland Analytics: A platform that tracks illegal logging in a bid to protect forests.
  • SOLUtion: Developing an autoinjector device aimed at adrenal insufficiency patients.
  • H2Only: Making an ion selective purification technology to cost effectively treat contaminated and saline water.

“The large number of applications, their higher quality, and the growing capabilities of NextFab’s product development team led us to the decision to invest in 5 startups this time,” said Todor Raykov, NextFab’s venture services manager. “Typically, we work with only 4 teams per cohort or a total of 8 per year, but the demand for a program like ours is growing and we have the capacity to meet it and assist more entrepreneurs to commercialize their technologies in Philly. We would like to further expand this number in the future.”

Last year, the makerspace launched a follow-on fund to invest in companies that graduate from its accelerator program.

Advertisement

Earlier this month, NextFab-based Augean Robotics, makers of a full-stack robotics platform for the farming industry and graduates from the RAPID accelerator, raised a $1.5 million seed round to grow its staff and scale the deployment of its technology.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Meet the second class of the Comcast NBCUniversal LIFT Labs Accelerator

Pennovation picked these 9 early-stage companies for its summer accelerator

Josh Kopelman revealed as investor in Backstage Capital’s accelerator

SPONSORED

Philly

This financial services firm offers global opportunity in the heart of Philly

Philadelphia

The Philadelphia Inquirer

Mobile Tech Lead

Apply Now
Blue Bell, PA

Pinnacle 21

Senior Software Engineers

Apply Now
Philadelphia

Guru Technologies

Marketing Web Engineer

Apply Now

Two Philly companies are joining an accelerator inside the ‘largest medical complex in the world’

This 350-year-old company is getting into the accelerator game

Dreamit had three big exits last year. Take a look inside its playbook

SPONSORED

Philly

Guru is taking on growth with deliberate steps and an engaged team

Philadelphia, PA

PromptWorks

Senior UX Designer

Apply Now
601 Lee Road Chesterbrook, PA 19087

Deacom

Web Application Developer

Apply Now
Chesterbrook, PA

Deacom

Software Developer

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

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