“The quality of the applications and the number of participants was amazing. It made the job of choosing the final participants very difficult.”
Baltimore, Maryland (PRWEB) January 22, 2013
Baltimore City’s technology incubator, ETC (Emerging Technology Center), announced today that six companies have been selected to participate in the 2013 AccelerateBaltimore™ program –a 50% increase from the first AccelerateBaltimore™. The program received over 120 applications from all over the world. The three month accelerator will kick off on February 4, 2013.
“The quality of the applications and the number of participants was amazing. It made the job of choosing the final participants very difficult,” says Deb Tillett, President of ETC. “We had the help of some professionals from the tech community and it was a challenging but fun process. Congratulations and thanks to all; I can’t wait to get started.”
The inaugural 2013 AccelerateBaltimore™ companies are:
- Allovue : integrated technology solution helping school leaders allocate budgets, track expenses, and analyze the impact of spending
- Artichoke Client Management Solutions: end to end client management and billing solution built for mobile from the ground up for mobile for the sole proprietor,
- BusyGrad: web-based tool designed for graduate students to better manage their busy social and school life
- PrintLess Plans: develops innovative mobile applications, drivers, and hardware for large format displays driven wirelessly by mobile devices
- Rehabtics: online rehabilitation system for patients to follow and conduct rehabilitation training in engaging virtual environments
- SurveySnap: SaaS offering with mobile app for design professionals.
To help technology companies get to market quickly, ETC launched the first AccelerateBaltimore™ in April 2012 with the help the Abell Foundation as the funding partner. It was the first business accelerator in Baltimore City and the state of Maryland. In addition to $25,000 in seed funding to each accelerator company and free office space at ETC, 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. AccelerateBaltimore™ was one of the 2012 Daily Record Innovators of the Year.
“The Abell Foundation is pleased to sponsor the AccelerateBaltimore™ competition to attract and support top entrepreneurial talent,” said Robert C. Embry, Jr., President. “The three-fold increase in interest in the second year of the competition is a hopeful sign for the growth and development of the innovative technology business community.”
"The quantity and quality of applicants to AccelerateBaltimore™ this year was truly impressive. It seems the word is getting out about the value of the program, and I'm really excited to see how these companies execute on their plans," said Dave Troy, CEO of 410Labs and member of the AccelerateBaltimore™ selection committee.
The first class of AccelerateBaltimore™ accepted four companies: Given.to (formerly NoBadGift.com), Kithly, NewsUp, and Unbound Concepts. At the end of the 3-month program, the companies launched their products on Demo Day, an event at the ETC that was attended by angel investors, venture capitalists, the press, and other entrepreneurs.
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 $1.4 billion in funding and created over 2,000 creative-class jobs. Since 1999 ETC has provided assistance to 281 companies; 85% are still in business. It is estimated that ETC companies have created in excess of $375.8 million in economic activity for the City of Baltimore.