NYC incubators
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NYC SeedStart Media is a 12-week summer program designed to provide seed funding to technology companies to build a product and launch their company. SeedStart is interested in companies focusing on advertising infrastructure, e-commerce, digital content, and mobile technology. Companies will work with an incredible network of mentors, professionals, and experienced technology entrepreneurs. Venture Capital Partners include Contour Venture Partners, Comcast Ventures/Genacast Ventures, NYC Seed, Polaris Venture Partners, RRE Ventures. We are inviting technology companies willing to spend the summer in New York City that are concentrating on these industries to apply to SeedStart. The program will give up to 10 companies $20,000, office space, and time in exchange for a small piece of equity (5%).
DreamIt Ventures , the Philadelphia start-up accelerator program, announced last month that it was launching a class in New York for the first time this summer. Today, it shared a list of CEOs and founders who will sit on its first Entrepreneur Advisory Board, helping mentor the upcoming class. The board make-up is interesting because it relies a lot on new start-up founders and recent DreamIt alumni instead of seasoned veterans. The list of CEOs includes: Kerry Rupp, managing partner for DreamIt Ventures, said the program will still tap more experienced entrepreneurs and investors for 1:1 mentorships, which DreamIt will arrange later. But she said creating an advisory board of more freshly-minted founders is helpful for start-ups looking to learn from peers.
TechStars founder and CEO David Cohen Of 39 startups that have participated in the three-year-old TechStars seed investing program, six have been acquired, five have failed, and 28 are still active in some form. So far, it’s taken less than three years for the fund to make a return on each series of investments. If nothing else, you have to love that level of transparency . TechStars may not get the attention the clubby Silicon Valley-based Y Combinator basks in , but that’s partly by design. The incubator only operates in four U.S.
While Silicon Valley startups have long enjoyed the benefits of the region’s history of entrepreneurial mentorship, with a number of seed programs and incubators focused on helping to the next big idea, New York City startups have historically had to go it alone. But now, the Entrepreneurs Roundtable is looking to change that by launching a new startup incubator that will inject some funds into promising New York-based startups and provide guidance over a three-month period this summer. It’s the latest in a wave of start-up help for local entrepreneurs, who now have a number of options.