Austin, Texas (PRWEB) April 2, 2010
The Austin Technology Incubator, a not-for-profit arm of the University of Texas at Austin will host the 3 Day Startup Spring 2010 from April 9-11 at the West Pickle Research Center (former MCC building).
In a super-charged, highly caffeinated Project Runway-esque for techies atmosphere, 40 students from a range of backgrounds are divided into 5 teams and spend 72 hours brainstorming, selecting, prototyping, validating and finally launching actual companies in front of potential investors. The teams are comprised of computer science, business, law, advertising and marketing majors with a few wild card majors thrown into the mix. “A lot can be accomplished in three days, especially when sleep is optional,” says Bart Bohn, Director of ATI’s IT and Wireless Incubators. “Our goal is to transform the lives of the students who participate by imbuing core entrepreneurial skills that will serve them throughout their careers.”
To date, three companies were created as a result of 3 Day Startup (http://www.3daystartup.com); Turn2Live (http://www.turn2live.com) - a mood-based live music search engine; Famigo (http://www.famigogames.com) - a platform and distribution network for mobile games for families; HippoBubble (http://www.hippobubble.com) - educational software in the action adventure gaming genre. Co-founders of Famigo, Matthew Sullivan, a recent UT doctoral graduate, and Q Beck, a May 2010 McCombs Business School graduate, both passed on traditional job opportunities to develop their start up. “3DS gave birth to Famigo,” says Q Beck. “The program introduced the core team members to one another, led to our participation in Capital Factory and put us in touch with the local investor community.”
With over 150 applications, the 40 student positions were filled and the application process is closed to students for the spring 2010 session. A Fall 3 Day Startup is currently in the works in Austin, Texas and the concept is catching on in other universities and countries. The program is still accepting sponsorships to cover expenses and donations of food and lots of energy drinks. Industry veterans and investors are invited to attend the final company pitches at 7 pm on Sunday April 11th at the West Pickle Research Building auditorium.
About the Austin Technology Incubator
The Austin Technology Incubator is a nonprofit unit of The University of Texas at Austin that harnesses business, government and academic resources to provide strategic counsel, operational guidance and infrastructure support to its member companies to help them transition from early stage ventures to successful technology businesses. Since its founding in 1989, ATI has worked with over 200 companies, helping them raise close to $750 million in investor capital. ATI is a key program of the IC2 Institute at The University of Texas at Austin. For more information, visit http://www.ati.utexas.edu
About 3 Day Startup
The idea of 3 Day Startup is simple: start a technology company over the course of three days. We rent work space for an entire weekend, invite 40 students with a wide range of backgrounds, cater food, drinks, snacks, and coffee, pick the best idea for a software startup during the Friday brainstorming session, and release a minimal prototype by Sunday night. The goal is to build enough momentum among a network of motivated people to sustain the company beyond the weekend. http://www.3daystartup.com
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