(Alabama Media Group file photo)(File photo)
Innovation Depot’s Velocity Accelerator program has picked eight teams for its 2018 cohort.
Organizers said four teams were picked from the Birmingham area, along with San Jose, Chicago, Atlanta and Nashville, from about 100 applicants.
Devon Laney, President & CEO, Innovation Depot, Inc., said the first Velocity cohort was a "tremendous success. "
"We want to continue to recruit the best emerging technology companies to Birmingham and give them access to the capital, resources, and mentorship needed to grow and scale quickly," Laney said.
The teams are:
Wyndy of Birmingham, a mobile app connecting parents and college babysitters .
Axle Advertisements of Birmingham,an advertising platform connecting trucking companies to brands for trailer advertising.
Dirtbook of Birmingham, a marketplace app for the construction industry.
Fletch of Chicago, which generates attendance records for universities and notifies them of students’ absentee patterns.
SmartAlto of San Jose, which makes a text messaging robot that helps real estate agents respond to leads.
Mixtroz of Franklin, Tenn., a tool for event organizers to increase attendee engagement and guide networking opportunities.
Anchorspace of Birmingham, which uses a web -based platform to facilitate short term leases.
SimpleShowing of Atlanta, Ga., an app that allows consumers to schedule home showings on-demand without a real estate agent.
The selection committee was made up of entrepreneurs, investors, industry experts and members of the startup community.
Velocity Accelerator takes place within Innovation Depot, with teams experiencing 13 weeks of intensive business and leadership development, from January 22 through April 23. Demo Day takes place at Iron City, with each company pitching to potential customers, investors and community supporters.
Innovation Depot invests $50,000 in each company from the Velocity Fund, which is supported by Regions Bank, Alabama Power, BBVA Compass, Blue Cross Blue Shield, Protective Life, UAB, the Community Foundation of Greater Birmingham, HealthSouth, Brasfield & Gorrie, McWane, and Altec.
Beth McKeon, Velocity Accelerator 2018 managing entrepreneur-in-residence, called the 2018 cohort " strong teams with deep domain expertise solving real problems, not just for today but for the future."
" I am incredibly excited to see the kind of progress these talented founders can make with Velocity’s support in 2018," McKeon said.
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