Early-stage startups can now apply for DreamIt Ventures’ fall cycle in Philadelphia. The program is three-and-a-half month bootcamp for tech startups.
It’s DreamIt Ventures’ first class in Philly since its fall 2012 cycle. The accelerator and investment firm has since launched its health-focused DreamIt Health, which closed applications for its second class in May.
This fall’s class will be led by Patrick FitzGerald, an entrepreneur-turned-Wharton lecturer who joined the DreamIt team in April. The class will also feature DreamIt Access, DreamIt’s minority entrepreneur program. The chosen companies will have office space at 3401 Market Street, DreamIt’s new space with Drexel and the University City Science Center.
DreamIt takes a six percent equity stake in the selected ventures, which receive a $25,000 stipend along with mentorship and training.