St. Louis Startup Accelerator Now Accepting ApplicationsBY: Corey Cummings | June 2, 2012
Any company looking to join Capital Innovators Fall 2012 accelerator program will have to submit its application within the next two weeks. The St. Louis accelerator, which runs from mid September through late December, will close registration on June 15th.
Capital Innovators is looking for great tech startup teams who have the potential to reach a national or worldwide audience. Applying for the program doesn’t require you to submit an extensive business plan – only asking you to share some very basic details about your product, including information about your team, the problem you’re solving, any competitors, and how you plan to monetize. Out of hundreds of applications only five startups are chosen to participate in the bi-annual program.
Once the five participating startups have been selected, Capital Innovators provides free office space in St. Louis and mentorship from a range of high profile industry leaders, including Bud Albers, former CTO and Executive VP at Walt Disney, and Carfax founder Ewin H. Barnett III. In addition to $50,000 in seed money, startups will be given marketing, legal, accounting, and hosting resources for the duration of the program. Capital Innovators will receive between six and 10 percent equity in each company in exchange for all the program’s services.
Previous startups that went through the St. Louis accelerator include Bonfyre, Systematic Revenue, and Lockerdome. The companies are now among the top five startups in the city.
The program will end on December 19th with each startup pitching its product to venture capital firms and angel investors from around the country. If you think your startup has what it takes, head on over to Capital Innovators’ registration page to get in before the June 15th deadline.
If you aren’t familiar with St. Louis’s startup scene, we suggest reading 10 Reasons To Launch A Startup in St. Louis.