Columbus, OH (PRWEB) June 10, 2013
Columbus, Ohio based startup accelerator 10xelerator (10x) is now accepting applications from entrepreneurs and teams for its Fall 2013 class.
Applications are due by July 14th and up to 10 teams will be announced early August.
10x is a mentor-driven accelerator focused on converting promising entrepreneurial ideas into viable businesses and, ultimately, sustainable companies. Teams accepted into the program will receive $20,000 in seed capital. Additionally, teams will have access to customer and market development sessions with subject matter experts, workshops, networking events and access to over 50 mentors each ready to advise, coach and lead companies through the acceleration program all in exchange for a predetermined equity stake in their business. Teams will also have access to office space and facilities provided by TechColumbus.
The 10x program starts September 4th and runs for 10 weeks in Columbus for high caliber entrepreneurs and teams who have disruptive, market-validated solutions that impact one of four core business sectors:
At the end of the ten-week program, each team will present to local and regional investors and executives for follow-on funding opportunities.
10x was founded under the direction of The Ohio State University's Center for Technology Entrepreneurship in 2011, and the leadership of Dr. Michael Camp. The program is now transitioning to a community endeavor under the leadership of Founders Factory, one of the region's top early-stage venture development and financing firms.
Twenty-seven startups have already benefitted from the 10x program and have collectively raised more than $9.4 million in follow-on funding from investors from around the country.
"Perhaps the greatest value teams will receive from the 10x program is the mentor network comprised of successful entrepreneurs, CEOs, VCs, and business veterans from the startup world.,” says Brooke Paul, Founder of Founders Factory and a director of the 10x program. "10x alums have effectively leveraged our mentor network for follow-on funding, access to customers and more."
During a competitive process, 10x evaluates applications across several factors including founding team, idea, potential market size, and financial viability.
More on the 10x program including schedule, location and application details available at:
10x is a mentorship-driven investment program designed for energetic and game-changing entrepreneurs. Managed by Founders Factory, 10x is partnering with Ohio’s New Entrepreneurs (ONE) Fund, TechColumbus, Columbus 2020, The Ohio State University, Columbus College of Art & Design and several other community organizations in order to create an innovative business accelerator focused on maximizing the probability of creating scalable businesses. Please contact Brooke(at)FoundersFactory(dot)com for more information.