Startup founders within the Seattle area have one other accelerator possibility to assist jumpstart their companies.
Startup 425, a non-profit funded by six Seattle-area metropolis governments, on Thursday introduced a brand new accelerator designed for first-time entrepreneurs that need assistance validating an concept or elevating capital.
The 15-week program is modeled after the Founder Institute curriculum, mentioned Levi Reed, an entrepreneur-in-residence with Startup 425. There are some distinctive options, together with a observe for small enterprise homeowners pursuing concepts that aren’t venture-scale.
This system is funded by Startup 425, so collaborating entrepreneurs don’t must pay a payment or hand over fairness of their firms.
Startup 425 is a partnership between Bellevue, Kirkland, Redmond, Renton, Issaquah, and Bothell. The group went on a hiatus in the course of the pandemic however obtained going once more final yr. It provides month-to-month co-working packages; panel discussions; workshops; and networking occasions, along with the brand new accelerator.
Collaborating firms within the accelerator are required to stay or be constructing their firms in one of many six Startup 425 cities.
Startup 425 prioritizes supporting entrepreneurs from underrepresented communities, Reed mentioned.
Reed, who beforehand ran the Seattle chapter of Founder Institute, not too long ago launched his personal funding agency known as Twig Ventures.
Startup 425 is internet hosting an “Eastside Summit” on Thursday at Bellevue Metropolis Corridor as a part of Seattle Tech Week.
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