PRESS RELEASE
Tech Ranch® Austin and Napkin Venture team up to launch “PreAccelerate”, a pre-seed stage program for entrepreneurs that will begin on October 8th. This specialized boot camp is designed to help start-up founders build a plan and develop the skills required to take entrepreneurial ideas from napkin to reality.
Five entrepreneurs will be accepted into the program from the applicant pool. The winning company will receive funding of $5,000 in seed capital. Each company selected from the application pool will receive:
- 6-week pre-accelerator boot camp
- 5 topic- and task-specific classes (one per week) + demo day
- One-on-one mentorship from entrepreneurs, executives and investors
- Free legal organization docs (not including filing fees and expenses)
- Free office space for duration of the boot camp
- Access to Demo Day funding forum
“PreAccelerate is not another “accelerator.” There are plenty of great programs out there for companies that have a fully developed concept and business model,” said, Kevin Koym founder of Tech Ranch® Austin. “This is for entrepreneurs that haven’t made it that far, and need tools and guidance to prepare for the next step.”
“This is just the right program to help those entrepreneurs who have an idea just burning a hole in their mind, PreAccelerate gives them a chance to really pursue the concept, flush out the broad strokes and see if there is there is a real business opportunity there,” said Tina Cannon, Partner at Napkin Venture.
PreAccelerate will begin taking applications on September 1st thru September 28th, 2012. via their web site – http://www.PreAccelerate.com. The program begins on October 8th, 2012 in Austin, TX.
About Tech Ranch® Austin:
Tech Ranch® Austin is a community of vibrant tech start-ups and more than 300 entrepreneurs in software, hardware, alternative energy and emerging technologies have participated in Tech Ranch® Austin programs. Starting and growing an idea into a business requires having the right people, information and tools. Tech Ranch® Austin is the place where tech entrepreneurs come together to fill in the missing pieces and leverage the social capital of the community. Joining the Tech Ranch® Austin Community means having access to classes, workshops, mentorship programs, networking events, working and co-working space and especially the shared wisdom of the experienced entrepreneurs. http://www.TechRanchaustin.com
About Napkin Venture:
Napkin Venture was built by entrepreneurs for entrepreneurs. We can help you launch, protect, pivot, grow and prep you for funding. Our expert team has the expertise, resources and support you need to move your company to the next level. If you just started a business or are thinking about it, we can help you make the right decisions to get going. Big or small, we are ready to work for you. Napkin Venture offers, business entity formation, legal documents, branding & identity packages, business strategy, training, mentoring and drop-in support teams. http://www.NapkinVenture.com