Most startup accelerators focus on consumer technology products. In contrast, Ecelerator is filling a much-ignored and less glamorous niche, focusing on enterprise (business to business) tech opportunities.
Princeton, New Jersey (PRWEB) September 15, 2011
There’s a new player in the startup accelerator block. New Jersey-based Ecelerator (http://www.ecelerator.com) announces the launch of a startup accelerator for emerging enterprise (business-to-business) focused software entrepreneurs. Based on startup accelerators such as Y Combinator and TechStars, Ecelerator offers promising teams of early-stage entrepreneurs a three-month residency program during which they will hone their business skills, gain concrete guidance from experts in the field, and make valuable connections with investors to secure financial backing -- all key elements in bringing a an innovative business to full fruition.
Ecelerator invites early-stage entrepreneurs from around the nation to apply for the Spring 2012 session in New Jersey.
During the program, Ecelerator will connect resident entrepreneurs with seasoned mentors, corporate executives, angel investors, venture capitalists, and a network of all-star technology and business contacts in the region. In an intense, collaborative environment, each startup team will develop its new business while learning from mentors, speakers, and close interaction with other teams.
Most startup accelerators focus on consumer technology products. In contrast, Ecelerator is filling a much-ignored and less glamorous niche, focusing on enterprise (business to business) tech opportunities. Ecelerator is collaborating with corporate, government, and nonprofit organizations in the region to identify specific opportunities and connect entrepreneurs with the contacts inside enterprise.
“My goal is to bring existing corporations and tech entrepreneurs together. There are many pressing opportunities in enterprise that would benefit from the creativity, energy, and fresh perspective of emerging tech entrepreneurs,” says Ken Kay, founder of Ecelerator. Kay is a serial software entrepreneur who has launched several successful startups, and is the founder and past chairman of Jumpstart New Jersey Angel Network, the leading technology angel group in New Jersey.
Ecelerator provides seed funding as follows: Each team receives $6,000 per founder (up to three founders) and $7,000 per company. In return, Ecelerator receives an initial six per cent (6%) equity interest in each company. Ecelerator accepts two or three entrepreneurs per team. At least one member of each team must be a software developer. Ecelerator will consider applicants from any location worldwide, but cannot guarantee a USA visa for international teams.
“I see a definite need for an enterprise-focused accelerator in many areas around the country which could connect the local corporate communities with tech entrepreneurs” says Scott Case, CEO of Startup America Partnership.
Ecelerator residents will also have the opportunity to network with regional tech communities through organized participation at meetups such as Enterprise Tech Innovation, New Jersey Tech Meetup (formerly Hoboken Tech Meetup), and the New York Tech Meetup.
“I look forward to meeting the Ecelerator teams and connecting them with tech leaders, executives, and investors in the region” says Aaron Price, founder of the New Jersey Tech Meetup.
Ecelerator is now accepting online applications at its web site, http://www.ecelerator.com. The deadline for submissions is January 31, 2012, with a final announcement of the first class of residents in late February.