For several years, we've been talking on this blog about programs like Y Combinator, TechStars, SeedCamp, and many others. I call them startup accelerators. One thing I've consistently heard is that NYC needs its own startup accelerator.
Well it is happening this summer, courtesy of the city's own NYC Seed fund.
The program is called SeedStart. The program mirrors much of what the pioneer in this sector, Y Combinator, does. It is an eight week summer program. They will select up to ten teams who will get $20k in funding, space to work, and mentorship in return for 5% equity in the business and the opportunity to launch at the end of the program to a large audience.
If you are interested, you need to hurry. The application deadline is the end of the month, February 28th. The acceptances will be made on March 15th. If this is for you, apply here.
This is a great thing for NYC and the first time entrepreneurs who really benefit from this kind of accelerator program. I am really thankful for Owen Davis' leadership in making this happen. I am also grateful to our colleagues at Contour Ventures, IA Ventures, Polaris, and RRE for their support of this effort.