Austin, TX (PRWEB) February 13, 2012
One month from yesterday, 66 companies will present and compete at the fourth annual SXSW Accelerator. Austin is represented by six companies, Forecast, Hoot.Me, SceneTap LLC, Toopher.com, Tugg Inc. and Umbel Corp. Hoot.Me, SceneTap and Toopher are all portfolio companies of the Austin Technology Incubator (ATI), a not-for-profit unit of the IC2 Institute of The University of Texas at Austin.
SXSW Accelerator, now in its fourth year, has become one of the Interactive conference’s marquee events, and has grown an entire Startup Village around its focus on showcasing up and coming companies. In the past, ATI companies such as Spredfast have presented at Accelerator, which is a badge of honor for any selected company. Accelerator has grown so competitive that over 670 submissions were received for this year’s group.
“We have supported the Accelerator program since inception, loving the idea of giving a spotlight to the next generation of Interactive powerhouse companies,” said Isaac Barchas, Director, Austin Technology Incubator. “We are extremely proud to be actively involved in three of the six Austin companies represented this year. This is just another example of the cohesion of the Austin technology community that we hope will show through in success of these six companies at Accelerator.”
About the ATI Backed Accelerator Companies:
Hoot.Me is a Facebook application that allows students to see what classmates are working on and collaborate by posting questions, group video conferencing, doodling, recording videos, and typing math equations via smart chat. Tutoring is also coming soon for the times when teachers and classmates can’t help.
SceneTap utilizes anonymous facial detection technology and video-based software to effectively track customer analytics in a venue or particular space, including crowd density, male to female ratio, and average age. It offers an administrative tool for operators and a social network for consumers.
Toopher is avirtual key ring - vastly improving online security and eliminating fraud and identity theft by using your phone’s location awareness to add another layer of security to passwords - all without leaving your pocket. A rare security tool you’ll actually want to use, it’s the future of mobile... today.
Over more than two decades, ATI has worked with over 200 start-up companies, helping them raise close to $1 Billion in capital. In just the past three years, 50 member companies received over $75 million in funding, and ATI alumni companies had over $300 million in positive exits through acquisitions by large technology players such as IBM and BMC.
More about ATI:
The Austin Technology Incubator is a not-for-profit unit of the IC2 Institute 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 hundreds of companies, helping raise close to $1 Billion in investor capital. For more information, visit http://www.ati.utexas.edu.
Laura Beck for ATI