Baltimore, Maryland (PRWEB) March 31, 2012
Baltimore City’s technology incubator, the Emerging Technology Center (ETC), announced today that Flying Pig Digital, Hooopla, NoBadGift.com and Unbound Concepts will participate in its AccelerateBaltimore™ program. This three month program will kick off on April 2nd.
“We received many high-quality applications in a two month period. Selections were based on the high quality of the management teams and their ability to create, launch and generate user feedback from a minimum viable product within a three month timeframe.” says Ann Lansinger, President of ETC.
The inaugural 2012 AccelerateBaltimore™ companies are;
- Flying Pig Digital: A website and mobile app for exploring/sharing news by providing a game-like experience with real rewards.
- Hooopla: A mobile app that facilitates the process of organizing social activities among friends and allowing merchants to offer group discounts.
- NoBadGift.com: A crowd sourced web application for both personal and charitable gifts
- Unbound Concepts: A proprietary machine learning algorithm designed to read text and “level” books by reading level
To help technology companies get to market quickly, ETC launched the accelerator in December 2011 with the help of $110,000 in seed funding from The Abell Foundation and financial support from Maryland Department of Business and Economic Development, Millennial Media, R2integrated, L.E. Goldsborough & Son, SC&H, T.R. Klein & Co, Americas Remote Help Desk and Rosenberg Martin Greenberg, LLP. In addition to physical space at the ETC and accompanying office services, AccelerateBaltimore™ companies will benefit from the counsel of a high-level advisory team assembled by the ETC to provide support through the product development phase and eventual launch.
Modeled after successful accelerator programs such as Y Combinator, Betaworks, and IdeaLab, AccelerateBaltimore™ targets companies that are creating pioneering technologies and ensure that they are ready to go to market with a minimally viable product within three months of entering the program by attracting the necessary human and financial capital. AccelerateBaltimore™ requires participating companies to remain in Baltimore for at least five years.
For more details please visit http://www.acceleratebaltimore.com
About the ETC (http://www.etcbaltimore.com)
The ETC, a venture of the Baltimore Development Corporation, is a non-profit business incubator focused on growing early-stage technology and biotechnology companies. The ETC promotes economic development, providing business, technical, and networking connections to help these companies grow and prosper – adding to both the job and tax base of Baltimore City. To date, ETC client companies have received over $1.2 billion in funding and created over 1,800 creative-class jobs. Since 1999 ETC has provided assistance to 258 companies; 79% of its graduate clients are still in business.