FOR IMMEDIATE RELEASE
Partnership between LAUNCH! Annapolis, Maryland Technology Council, MCVC Partners, Annapolis Ventures and TEDCO to Bring Community-Based Accelerator to Maryland’s Capital Announces the First FounderTrac Cohort of 2018!
ANNAPOLIS, MD, DECEMBER 8, 2017 — Yesterday evening FounderTrac announced the finalists for the first cohort of 2018 at the Maryland Technology Council’s Black and White event! Over 50 applications were submitted from Maryland based high growth startups at the end of November. Ten companies were accepted. The selection committee reviewed the applicant’s using a list of requirements and guidelines to determine the best and most qualified companies for the first 2018 FounderTrac cohort. This decision was very tough given the caliber of companies that applied. In this regard, Ryan Sears, Founder of LAUNCH! Annapolis said “We were humbled by the amount and quality of applications. It was highly competitive and we very excited to connect, mentor, and invest in this exciting cohort of startups”
The FounderTrac Team is excited to announce the following candidates that have been accepted into the first 2018 FounderTrac Cohort:
David Collier of Everywhere Communications, Matt Daue of Iºtia Corporation, Greg DiNardo of Arbit, Inc., Leif Frey of FREY, Aimee Martin of MileMarker, Gabriel Pendleton of AudioStaq, Inc, Keith Rogers of GasNinjas, Anne Stuckey of HoneIn, Mustafa Wahid of TransitioningU, and Joshua Wies of Agewell Biometrics.
FounderTrac’s truly holistic approach to fostering businesses from early-stage to venture capital ready brings together all the resources needed to create a truly innovative accelerator. The success of the community relies upon combining many resources into one cohesive community. The components of the community are:
- Community outreach through LAUNCH! Annapolis and its many partners
- The proven and innovative FounderTrac curriculum delivered by successful entrepreneurs and executives
- Mentoring and Fractional C-Level support through Maryland Technology Council and MCVC Partners
- Seed funding through a dedicated Venture Capital fund
- The development of coworking space through Annapolis Ventures
The first FounderTrac cohort of 2018 will kick off January 3, 2018. FounderTrac is an Annapolis based startup accelerator with a 12-week curriculum to help Entrepreneurs take their companies to the next level. Led by successful entrepreneurs and executives the founders are matched with an executive Sherpa and are given the opportunity to gain funding from a dedicated venture capital fund. Support for participants does not end with graduation. Graduates may enlist in the MIT licensed Maryland Technology Council mentorship program and are encourage to continue their engagement in the FounderTrac/LAUNCH! Annapolis community.
FounderTrac’s first program, launched in January of 2017, was a resounding success with several of the graduates gaining funding and fostered an ongoing collaboration among the participants and the growing startup community.
On October 25, 2017 at the TEDCO Entrepreneur’s Expo, George Davis, CEO of TEDCO announced the winners of the 2017 Incubator Challenge. FounderTrac was awarded a grant of $125,000 to support and expand the reach of the FounderTrac Program. The TEDCO grant and TEDCO involvement will provide valuable seed funding and support to allow FounderTrac to increase the frequency and expand the reach of the program.
FounderTrac is a community-based startup accelerator located in Annapolis, MD. FounderTrac utilizes a holistic approach to fostering and promoting startups and entrepreneurship in Maryland. Entrepreneurs are a diverse and changing community that require a complex network of educational and support resources. FounderTrac works with the community to gather and coordinate these resources to provide the greatest chance of success. Built by entrepreneurs for entrepreneurs, FounderTrac embraces the diversity of Maryland by fostering a truly inclusive community. For more information, visit http://foundertrac.com
WIth over 2000 members, LAUNCH! Annapolis is a non-profit organization dedicated to connecting entrepreneurs with the resources by hosting educational, networking and social gatherings while pursuing initiatives to support innovation and high-growth startups in the state’s capital. http://launchannapolis.org/
MCVC Partners, a venture capital fund, helps leaders and organizations practice “virtuous commerce.” MCVC Partners helps teams focus, execute, and celebrate their vision while balancing their value proposition with social impact. For more information, visit http://www.mcvcpartners.vc
The Maryland Technology Council
The Maryland Technology Council (MTC) is the largest technology trade group serving the advanced technology and biotechnology communities of Maryland. MTC’s mission is to advocate for the interests of the technology community, further the role of technology in the Maryland economy, and nurture an environment where technology companies can collaborate, grow and succeed. For more information, visit http://www.mdtechcouncil.com