COVINGTON, Ky. (June 7, 2017) — UpTech, Greater Cincinnati’s accelerator for data-driven startups, announced today that it has been named one of the top accelerators by the Seed Accelerator Rankings Project (SARP), a joint effort from MIT and Rice University.
The goal of SARP is to encourage a larger conversation and research about the seed accelerator phenomenon, its effects, and its prospects for the future. The project hopes to provide greater transparency regarding the relative performance of programs along multiple dimensions that may be of importance to entrepreneurs. Cincinnati accelerator The Brandery was also named to SARP’s top 30.
“This meaningful recognition speaks volumes about our program and our region’s commitment to investing in and supporting innovative startups that solve real world problems. We are a startup among startups. Our goal is to continuously iterate to create the best possible program for startups in our community and beyond,“ said JB Woodruff, UpTech program director. “It’s absolutely fantastic to see two accelerators from our region make the list. Greater Cincinnati has cemented its position as a top destination for entrepreneurs.”
As an independent, non-partisan research entity run by academics, SARP collects this sensitive data in confidence, distills it down, and provides information on the relative success of the programs and of the phenomenon as a whole. Its rankings are meant to provide guidance for entrepreneurs who are considering going through an accelerator, and who are wondering how they differ on performance across various categories.
Now in its fifth year, SARP ranks every accelerator in the country based on the following: valuation, qualified exits, qualified fundraising, survival, and founder satisfaction. For more information about the Seed Accelerator Rankings Project or to see the full list, visit http://seedrankings.com/#rankings.
UpTech Cohort 6 Recruitment
As a reminder, UpTech is currently accepting applications for its sixth cohort. The deadline to apply is Sunday, June 11 at 11:59 p.m.
UpTech will be accepting up to 10 companies who will receive up to $50,000 each. UpTech is looking to invest in data-driven, tech-enabled startups offering scalable B2B/B2G solutions in large markets. For more information on what UpTech looks for in a team and company, visit: http://uptechideas.org/accelerator-program/apply/.
New this year is a partnership with St. Elizabeth Healthcare to explore the selection of several Health Tech startups for the sixth cohort. St. Elizabeth, one of the region’s most respected and technologically advanced medical providers, can offer qualified health tech startups access to top health advisors, mentors and potential customers. This partnership is a micro-venture in Health Tech by UpTech while the remainder of the sixth cohort will continue to be open to other industries.
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 here: http://bit.ly/UpTech6-1on1 or on the ‘Apply’ section of UpTech’s website.
The UpTech program offers participants benefits going well beyond investment dollars. UpTech creates investor-ready startups by providing founders with startup education, one-on-one weekly advising, six-months of free co-working space, dedicated legal and accounting counsel, and early investor feedback through our investor relationships. In addition, participants have access to staff resources for aid in graphic design, an entrepreneur speaker series with more than 30 speakers, access to more than 200 mentors, a university student intern grant, and gigabit internet.
UpTech’s support of its portfolio companies is strengthened through its participation in the StartupCincy community and its unique partnership with The Kentucky Innovation Network at Northern Kentucky. 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 portfolio companies to date have secured $4.2MM in follow-on funding as well as three exits with more to soon be announced from our 5thyear.
Applications must be submitted online by 11:59 pm on Sunday, June 11. 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/.
UpTech is Greater Cincinnati’s premier accelerator for data-driven startups. The intense, 6-month accelerator program guides participant startups through areas of business development that range from marketing and fundraising to market research and pitching the company to both investors and clients. For more information on UpTech, please visit http://www.uptechideas.org/.