Nashville’s Jumpstart Foundry Announces Inaugural Class for Cohort Program
2011 Foundry Class Drawn From Nearly 100 Applicants From Across U.S, Globe
Nashville, TN (PRWEB) May 08, 2011
Nashville-based tech business accelerator Jumpstart Foundry has announced the six fledgling companies that will take part in The Foundry, JSF’s 14-week, mentor-driven accelerator program for 2011.
Competition for inclusion in The Foundry’s inaugural class was robust, as nearly 100 tech-oriented businesses from 25 different cities and 8 countries applied for consideration. “We were overwhelmed by the response to our call for applicants,” said Marcus Whitney, chief technology officer for Moontoast and one of Jumpstart Foundry’s managing directors. “We received applications ranging from healthcare IT innovation to mobile social networks to hybrid disruptors, and we’re confident that this will be a fantastic group of founders with which to work.”
The following companies will take part in The Foundry for 2011:
- YouPromise (http://www.youpromise.me) – Platform for facilitating video-based, legally binding promises.
- Kahootzz (http://www.kahootzz.com) – Social platform combining community partnerships and consumer markets into a “local opportunity engine.”
- Reflex Inc. (http://www.reflex.io) – Tool for visual designers and tech enthusiasts to build applications for Apple iOS and Google Android mobile platforms.
- TapMe (http://tapme.hostuj.sk) – Multi-platform web service aggregator with filtered content and extended sharing features
- TheFreshTest (http://www.thefreshtest.com) – “Farm-to-fork” solution using grid sensor technology devoted to solving waste, spoilage and regulation issues across food supply chains.
- Virtual Parking – Platform allowing consumers to pay for metered parking and private lots via mobile devices.
“I was amazed by the quantity and quality of the applicants that submit to The Foundry program!” said Chris McIntyre, VP of Product & Engagement for change:healthcare and another of JSF’s managing directors. “It’s been a very exciting process so far working with the applicants, mentors and investors in getting ready for the intense 14-week program ahead.”
Beginning May 22, the co-founders for these six companies will take part in an intensive program of business development and mentorship, designed to hone not only the new companies’ products but also their stories, aiming toward an invitation-only Investor Day on August 25. At this event, the founders will then pitch their companies to a select group of angel and venture investors, to secure their next round of funding.
The Foundry will be housed at the Entrepreneur Center in downtown Nashville, where participants will engage in a rigorous, six-day-a-week schedule of development programming, interacting with mentors from a wide variety of fields not just related to technology.
The Foundry’s program model is adapted from the work of startup accelerator leader TechStars, and Jumpstart Foundry is a charter member of the TechStars Network, an invitation-only network of startup accelerator programs aimed at startup creation and job growth.
TechStars Network programs provide seed funding and mentorship to innovative entrepreneurs, connecting these organizations and providing best practices, professional development, networking opportunities and ongoing support for member organizations. TechStars Network is part of the Startup America Partnership, launched earlier this year.
About Jumpstart Foundry
Jumpstart Foundry seeks to aid the growth of fledgling tech-oriented businesses in the Southeast by focusing on three key areas: The Foundry, Fund and Future.
Started as a seed-stage microfund in 2010, the newest iteration of JSF orbits around a formal, mentor-driven 14-week business acceleration program ““ titled “The Foundry” ““ with the goal of launching successful companies, prime for funding, for an Investor Day on Aug. 25, 2011. Those startup companies ““ keying on the areas of healthcare IT, data systems and social engagement tools ““ will derive resources and guidance from a hand-selected group of mentors who bring a wealth of experience from a variety of fields.
Additionally, Jumpstart Foundry will help grow Middle Tennessee’s tech and investment communities ““ focusing on “The Future” ““ by offering a series of training courses and seminars, called Jumpstart Fundamentals, geared toward expanding those communities’ understanding and interaction.
As for “The Fund,” Jumpstart Foundry is funded by Solidus-TNinvestco and the JSF Angels, a vibrant collection of active investors from across the country. Jumpstart Foundry also enjoys key partnerships with the Nashville Entrepreneur Center and the TechStarsNetwork.
For more information, please visit http://www.jumpstartfoundry.com.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2011/5/prweb8390709.htm