“Our program gives companies the precision level personalized attention required to help founders learn the nuances of their problem space, in order to get organic revenue and build a viable enterprise,” says Toby Krout, executive director and co-founder of Boomtown.
BOULDER, Colo. (PRWEB) September 27, 2018
Boulder’s Boomtown Accelerators today released details about the 11 companies accepted to its Fall 2018 cohort.
The 11th class of Boomtown’s flagship accelerator includes entrepreneurs with masters and doctorate degrees in artificial intelligence, industrial engineering, public health, mechanical engineering, and more. Technologies powering this cohort include machine learning, biogenetics, facial recognition, blockchain, and the Internet of Things (IOT). Companies within the cohort are working with organizations like Major League Baseball, the Denver Broncos, Pepsi, Microsoft, the United Nations, and the United States Department of Agriculture to solve major challenges within their fields.
Further, the cohort is 23 percent female and 42 percent minority founders with founders hailing from Chile, Canada, Puerto Rico, the United Kingdom, and the United States.
“Our program gives companies the precision level personalized attention required to help founders learn the nuances of their problem space, in order to get organic revenue and build a viable enterprise,” says Toby Krout, executive director and co-founder of Boomtown. “We encourage our founders to concentrate on making their businesses as valuable as possible by finding the best customer solution, even if it means restarting or pivoting their focus.”
In the commercial farming industry, one promising startup in the entomophagy space has created the first network of partner farms to supply and educate the edible insect industry, while another is designing an apiary-oriented operating system for honey producers, and an additional startup in this fall’s cohort is making it easier to create local food communities.
Healthcare startups in the current class are working on solutions to streamline medical operational decision-making and to help those with chronic health conditions make better care choices. Other startups in the group are focused on asset management, business reporting and public transportation to name a few additional fields. The Boomtown program helps these teams identify and discover applications where these technologies provide real value in their respective markets.
Nestled at the foot of the Rocky Mountains, in a thriving tech ecosystem, Boulder’s Boomtown Accelerator provides early-stage startups with the resources, access, expertise and advice needed to succeed. The mentor network includes leaders in technology, business, branding, and strategy. Participants are matched with mentors in their industries, using a program customized to the needs of each individual startup.
The 12-week program concludes with Demo Day on November 15, from 6 to 8 p.m. at the Boulder Theater, where companies will pitch their businesses to investors, strategic partners, and community supporters. Early registration for the public event is encouraged. Accredited investors who are interested in an exclusive early viewing of the class are invited to register here for the Investor Preview event.
Boomtown supports great people in building great companies, with bespoke accelerators that help startups turn ideas into profitable, sustainable businesses. Boomtown invests in 16 industries and 34 technologies, customizing programs for each company's needs. Founders receive $20K in seed funding, $1.7MM+ in discounts and perks, personalized curriculum, strategic staff support, a compelling and powerful Demo Day pitch, office space and amenities, expert mentors, alumni connections, and exposure to potential customers and funding. For more information, visit http://www.boomtownaccelerators.com.