Applications for UpTech 5 Open on May 16
UpTech, Greater Cincinnati’s accelerator for data-driven startups, announced today that applications for their fifth cohort, UpTech 5, will open on Monday, May 16. The program is set to begin this September and run through March 2017. Applications will be open for six-weeks, with the deadline to apply by June 26 at 11:59pm.
UpTech is seeking to invest a total of $500,000 in their fifth cohort. Up to 10 companies will receive up to $50,000 each. UpTech is seeking data-driven, tech-enabled businesses offering their scalable products in large markets.
The UpTech program offers participants benefits going well beyond the investment dollars. UpTech helps its startups get market ready by providing each with: startup education, one-on-one weekly advising, six-months of free co-working space, dedicated legal and accounting counsel, and early feedback through an investor relationship with CONNETIC Ventures. In addition, participants have access to staff resources for aid in graphic design and tech development, an entrepreneur speaker series with 30+ speakers, access to 200+ mentors, university student intern grant, and gigabit internet.
Regionally, UpTech is an active member in the #StartupCincy community. Participants are able to leverage the regional support of hundreds of developing and established startup entrepreneurs in the region. Additionally, with UpTech's connection with Cintrifuse, cohort participants are exposed to a wide network of entrepreneurs, mentors, big companies and customers in the region.
UpTech’s support of its portfolio companies is strengthened through its unique partnership with The Kentucky Innovation Network at Northern Kentucky. Following graduation, UpTech’s portfolio companies continue to receive one-on-one advising and are connected to investors through the partnership with The Kentucky Innovation Network at Northern Kentucky. UpTech’s portfolio companies to date have secured $3.5MM in follow-on funding as well as two exits.
Entrepreneurs interested in applying to the UpTech program are encouraged to schedule an appointment for an UpTech one-on-one with UpTech Program Director, JB Woodruff. Details on scheduling an UpTech one-on-one can be found in the ‘Apply’ section of UpTech's website. Over the course of the application period UpTech will host a series of Community Grill Outs, Happy Hours and Info Sessions for interested entrepreneurs. Please check their website and social media channels for accurate dates and details.
Applications must be submitted online by 11:59pm on June 26. Applicants will be provided updates on their status throughout the application process. For more information on how to apply, go to http://uptechideas.org/accelerator-program/apply/.
Important dates to note:
- Application Period: May 16- June 26, 2016
- Community Grill Out @ UpTech: May 19, 4:30pm-7pm and June 23, 4:30pm-7pm
- Info Session @ Braxton Brewing: June 8, 5pm-7pm.
- (Anticipated) Announcement Date: August 2016
- UpTech 5 Class Begins: September 6, 2016
- UpTech 5 Demo Day: February 2017
- Staff report/Image via Facebook