The ETC, a technology and innovation center that helps startups get to market quickly, said Wednesday companies can begin applying next week for the sixth annual Accelerate Baltimore program. Each of this year's winners will be awarded $25,000 in seed stage funding. The program ends with "Demo Day," attended by angel investors and venture capitalists, where judges award one business an additional $100,000.
Since 2012, 28 companies have gone through Accelerate Baltimore and successfully launched products. The program offers free office space, access to a high-level advisory team, a hands-on instructional program, mentors and connections to potential investors, partners and other resources. Graduates include Allovue, NewsUp, mybestbox, Brinkbit, Fusiform and Loople.
"ETC is aware of the significant impact on the economy of Baltimore that startup companies can have and is committed to providing the best services, most impactful programs, the critical collaboration and ultimately the access to capital that is needed for success," Deborah Tillett, ETC president, said in the announcement. The ETC is a venture of the Baltimore Development Corp.
Accelerate has succeeded in bringing attention to the city for an ability to attract talent and capital, Robert C. Embry Jr., president of the Abell Foundation, said in a statement. The graduates have raised $11.9 million collectively in follow-on funding.
Companies can apply at www.acceleratebaltimore.com from Oct. 12 through Dec. 1.
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