Chicago, IL (PRWEB) June 04, 2014
The elmspring accelerator, in partnership with 1871, has announced the inaugural class for their summer session. Three companies were selected to join the program starting June 2, 2014. The cohort includes two Chicago area startups, ReaLync and Appoet, and one Cleveland startup, College Annex.
“We were very impressed by many of the applicants for our inaugural session. Ultimately, the companies we selected stood out for their exceptional leadership, and business potential for the real estate tech market. We are looking forward to watching these companies grow under elmspring’s accelerated program," Thomas Bretz, elmspring co-founder, notes.
Company founders will join elmspring for a fast-tracked three month business, marketing, and sales development program. During the program, elmspring will provide workspace inside 1871, dedicated mentorship, and unparalleled access to decision-makers inside the real estate industry. The program culminates in a pitch day, where startups have the opportunity to secure additional funding through private and institutional investors.
As “Chicago’s entrepreneurial hub for digital startups," 1871 offers an exciting and innovative environment for startups to grow and thrive. Operating 50,000 square feet in the Merchandise Mart, 1871 is home to three accelerator programs and dozens of successful startup companies. With the recent partnering of elmspring and 1871, elmspring is positioned to become the nation’s premier real estate technology accelerator.
"Our partnership with elmspring is an important component of 1871’s goal of providing focused support and resources to companies across a growing number of vertical industries,” said 1871 CEO Howard A. Tullman. “We are excited to welcome the elmspring inaugural class to the 1871 community as we continue to work with elmspring to promote the development of Chicago-based startups in the real estate technology industry.”
Appoet has developed a GPS-enabled beacon technology called Infused that allows for a company, organization, or individuals to create a hotspot to show, sell, and promote salable properties in the immediate area. Joshua A. Fisher is a digital humanist and the founder of Appoet. His company publishes mobile applications for humanities and media engagement. He is the author of the acclaimed What We Mean, a mobile poetry application based on WWII love letters written by his grandparents; as well as the developer of Infused the GPS-Enabled Magazine, The Poet's Almanac, and the O, Miami poetry festival app.
College Annex is the marketplace for student housing at colleges and universities nationwide. College Annex aims to connect everyone involved with the rental process: students, parents, and property owners. The College Annex web platform allows students and parents to browse the entire relevant housing market, sign and share lease agreements, and make rental payments - all online. Property owners are able to easily manage their inventory, collect rent, track finances, and communicate directly with their tenants. The College Annex team has one mission; to create a simpler rental experience for everyone. Their founding team consists of Philip Shea, David Spooner, and Yasir Drabu. Philip and David are recent graduates of Miami University and Yasir recently received a PhD in Computer Science from Kent State University.
ReaLync is a web/mobile platform that enables live virtual tours of properties, providing buyers/renters a more efficient, convenient, and cost-effective way of viewing real estate. ReaLync transcends the photos and slideshows of yesterday by making property touring mobile, real time, and highly interactive. Users can interact through live video, ask questions, capture photos and notes, and view property details all in real time. Furthermore, tours are saved to the cloud and can be reviewed, compared, and shared with others. Founders, Matt Weirich and Ani Rangarajan, are joined by CTO Jeff Wolcott.