It’s been an exciting year for Accelerate Baltimore. Applications opened for the 2016 cohort in October of 2015 and AB received over 100 applicants. The competition was high, but the six selected created a great cohort of diverse founders and industries.
These 6 companies each received $25,000 from the Abell Foundation in seed funding and participated in an intensive four month program focusing on the next step for their businesses. The program concluded with two events, Investor Pitch Night and Demo Day, and one company receiving additional funding through the Accelerate Baltimore program.
Investor Pitch Night
Accelerate Baltimore’s Investor Pitch Night was held on April 27, 2016 at the Single Carrot Theater in Hampden, Baltimore.
With an audience of 70 investors, Investor Pitch Night created the ideal opportunity for the cohort, not only because of the future investment opportunities in the room but for the cohort to pitch the selection committee for an additional $100,000. After the pitches were finished, a panel of 9 judges deliberated and came to a conclusion that MyBestBox would be the winner.
This was a big year for Accelerate Baltimore as the 5th cohort completed the program.
The event consisted of the cohort demo’ing their products, networking with the Baltimore community, and presenting what they’ve accomplished over the four month period.
In addition, three Accelerate Baltimore grads, Brinkbit, NewsUp and Full Society, returned to take part in the demos as well. With a great turn out, great food from the Sunshine Grille, and a Pixilated Photobooth, the Accelerate Baltimore 5 Year Celebration was a great success for all who participated and attended.
Now that it's been over a month since the completion of our 2016 program - the big question is, what is the cohort up to now? Take a look:
Since being awarded the additional funding from Accelerate Baltimore, MyBestBox has joined ETC Incubate Baltimore program and moved into the ETC Haven Campus and their own warehouse!
ClassTracks applied and was accepted to participate in the Lean Lab fellowship program in Kansas City, MO. Cofounders Lida Zlatic and Thierry Uwilingiyimana will spend four weeks at the Lean Lab and receive $10,000 with the chance at another $25,000 at the end of the program.
Since the program ended, Fusiform has actively been fundraising. They also were seen taking the stage at this Summer’s MAVA TechBUZZ event.
Loople recently pitched to a team of investors at Baltimore’s Piranha Tank. They were also one of five ETC companies to be nominated for this year’s Incubator Company of the Year Award. Looking to download Loople? You can find the app on both Google Play and Apple App Stores.
Point3 Security continues to move their business forward and was one of 5 ETC companies nominated for Incubator Company of the Year Award. Point3 also received the Cyber Innovator Award at TechAwards.
Continuing to grow and move their business forward, RAKKOON has joined the ETC Incubate Baltimore program and moved into the ETC Haven Campus.
Accelerate Baltimore™ is an initiative of the ETC (Emerging Technology Centers), Baltimore’s award winning incubator, and The Abell Foundation.