NewME Accelerator, the incubator launched last year to support minority entrepreneurs, just announced its latest group of startups.
In her blog post about the new class (NewME’s second), founder and CEO Angel Benton also talks about the success rate of the first group of NewME alums — 60 percent of them have raised money, adding up to a little more than $500,000 in total funding.
For the current class, Benton says NewME received more than 300 applications. This year’s program will be based in the Hub San Francisco co-working space. Participants in the 12-week program don’t receive funding from NewME, but they get to live and work with a community of entrepreneurs, and they also receive mentorship and access to services from NewME partners. (Last month, the programadded Andreessen Horowitz as a partner and sponsor.) In exchange, NewME takes a 4 percent stake in the company.
Even though the second session is just about to start, NewME is already accepting applications for the next class, which starts in August. While most of the promotion around NewME has focused on African-American entrepreneurs, the program is also interested in companies with founders and CEOs from other underrepresented minorities, namely those who are women or Latinos.
Here are the new companies (the descriptions come from NewME):
The Modul.us
Founder: Rachel Brooks
Desription: TheModul.us allows small businesses to affordably configure products through their software.
Butlr
Founder: Andre Gabriel
Description: Butlr gives you the easiest, funnest way to find any kind of deal on the Web.
Ubi Video
Founder: James Norman
Description: We are a discovery entertainment platform that offers the only digital video experience you can call your own.
AgLocal
Founder: Naithan Jones
Description: AgLocal connects independent farmers and producers with the demand of local business and consumers.
Helpr
Founder: Tendekai Muchenje
Description: Helpr is a one stop customer care portal that literally makes customer care as simple as @#*!.
Kairos (still in private testing)
Founder: Amanda McClure
Description: Kairos overlays data on top of real life interactions in the enterprise market using facial recognition and augmented reality.
pictureMENU (still in private testing)
Founder: Christopher Lyons
Description: pictureMenu allows restaurants to bring their menu’s into the 21st century by allowing them to create “smart menus” accessible via tablets and mobile phones. pictureMenu’s tie into a restaurants POS system.
Source:http://techcrunch.com/2012/02/11/minority-focused-newme-accelerator-announces-second-class-of-startups/
In her blog post about the new class (NewME’s second), founder and CEO Angel Benton also talks about the success rate of the first group of NewME alums — 60 percent of them have raised money, adding up to a little more than $500,000 in total funding.
For the current class, Benton says NewME received more than 300 applications. This year’s program will be based in the Hub San Francisco co-working space. Participants in the 12-week program don’t receive funding from NewME, but they get to live and work with a community of entrepreneurs, and they also receive mentorship and access to services from NewME partners. (Last month, the programadded Andreessen Horowitz as a partner and sponsor.) In exchange, NewME takes a 4 percent stake in the company.
Even though the second session is just about to start, NewME is already accepting applications for the next class, which starts in August. While most of the promotion around NewME has focused on African-American entrepreneurs, the program is also interested in companies with founders and CEOs from other underrepresented minorities, namely those who are women or Latinos.
Here are the new companies (the descriptions come from NewME):
The Modul.us
Founder: Rachel Brooks
Desription: TheModul.us allows small businesses to affordably configure products through their software.
Butlr
Founder: Andre Gabriel
Description: Butlr gives you the easiest, funnest way to find any kind of deal on the Web.
Ubi Video
Founder: James Norman
Description: We are a discovery entertainment platform that offers the only digital video experience you can call your own.
AgLocal
Founder: Naithan Jones
Description: AgLocal connects independent farmers and producers with the demand of local business and consumers.
Helpr
Founder: Tendekai Muchenje
Description: Helpr is a one stop customer care portal that literally makes customer care as simple as @#*!.
Kairos (still in private testing)
Founder: Amanda McClure
Description: Kairos overlays data on top of real life interactions in the enterprise market using facial recognition and augmented reality.
pictureMENU (still in private testing)
Founder: Christopher Lyons
Description: pictureMenu allows restaurants to bring their menu’s into the 21st century by allowing them to create “smart menus” accessible via tablets and mobile phones. pictureMenu’s tie into a restaurants POS system.
Source:http://techcrunch.com/2012/02/11/minority-focused-newme-accelerator-announces-second-class-of-startups/
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