Winners selected from more than 800 applicants
LOUISVILLE, Ky. (Sept. 8, 2014) — XLerateHealth, a Louisville-based accelerator for early-stage, health-related companies, was the only Kentucky-based company to be selected by the U.S. Small Business Administration (SBA) as one of the 50 winners of the first Growth Accelerator Fund competition. Each winning organization will receive $50,000.
The recipients, selected from more than 800 applications, represent 31 states, the District of Columbia and Puerto Rico. The accelerators come from a broad set of industries and sectors — from manufacturing to tech start-ups to farming as well as a focus on a diversified range of demographic groups.
Winners were selected by a panel of seven judges based on entrepreneurship, investing and business plans both inside and out of the federal government. The judges reviewed the applications and pitch videos submitted by the 100 finalists in the competition.
The purpose of the competition was to draw attention and funding to parts of the country where there are gaps in the entrepreneurial ecosystem. Winners will be honored in November in Washington D.C. during National Entrepreneurship Month, in partnership with the Global Accelerator Network.