With a vision to fuel economic growth in Northern Kentucky and lay the foundation of an informatics-industry cluster, a super business accelerator called UpTech has been created to provide startup companies with financial and developmental support.
UpTech has committed to funding 50 of the best and brightest early-stage informatics companies from the United States and abroad, and will invest up to $100,000 into each of the startups that demonstrate their commercial potential through an application and review process. UpTech will provide each business with six months of free, premium riverfront office space along with essential business support.
“Several Greater Cincinnati-area companies have joined forces with UpTech to provide the winners with the critical business support they need during the early foundational stages,” said Bill Scheyer, cofounder of UpTech. “These local companies will provide the legal, financial, accounting, and marketing/public relations support startups need to become strong, successful businesses.”
The UpTech winners will receive support from Northern Kentucky University’s College of Informatics along with on-campus informatics labs and facilities for collaboration, events and seminars.
“We believe UpTech has the tools to be among the nation’s top tier of tech-related business accelerators, attracting passionate and creative entrepreneurs whose ideas could spark tomorrow’s most dynamic enterprises,” said Rich Boehne, president and CEO of E.W. Scripps Co., a Fortune 100 media company based in Cincinnati.
A panel of national informatics, futurists, business and investment experts from companies such as CBS, Cisco, Dell, Procter & Gamble, SAP, Scripps and Summus Software will serve as the contest judges. The judging will look at seed-level ideas to support health information technology, cloud computing virtualization, business analytics, digital media and cyber security.
More information is available at uptechideas.org.