A list of frequently asked questions about Accelerate Baltimore

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Will you accept a company without a technical co-founder?

AccelerateBaltimore is looking for companies with new business solutions that can be brought to market in 3 months. We believe if you have a technical co-founder, the likelihood of your idea going to market in 3 months is higher. If a technical co-founder is not part of your team, please explain how you will perform the development work.

How much do you invest? What are the terms?

We invest $25,000 in each AccelerateBaltimore company. Please see our term sheet for details.

Other than the funding, what will I get?

In addition to the $25,000 seed funding, we will provide you access to a pool of mentors, educational seminars, free office space, resources, access to interns in area colleges and of course, access to investors for follow on funding.

Do I need to be a Baltimore based company to apply?

No, you don’t. We welcome applications from anywhere in the US and all over the world.

Do you require the company to stay in Baltimore after the program?

No, there is no requirement for you to stay in Baltimore after the program. We love Baltimore and we are sure it will grow on you!

How do I apply?

Please see our application form [insert link here]. We are currently accepting applications for 2014 AccelerateBaltimore. You will need to apply by midnight on December 21, 2013 .

When will you announce the accepted companies?

We will announce the accepted AccelerateBaltimore companies on January 22, 2013. Please see our schedule for details.

What happens after I submit my application?

The AccelerateBaltimore judging panel, comprised of serial entrepreneurs, will review your application. The panel will narrow the applications down to 12 semi-finalist companies. These companies will be invited for an in-person meeting where you will get a chance to pitch to our judging panel. After the pitches, the panel will select the top 6 for the AccelerateBaltimore program.

I would like to sponsor AccelerateBaltimore, what should I do?

Please contact us and we will send you our sponsorship package right away.

How many companies will you accept for the 2014 AccelerateBaltimore class?

We will accept 6 companies to our 2014 class.

Can we be a virtual AccelerateBaltimore company?

Sorry, but that is not possible. We believe that the companies will get more out of the program by being here in person and by interacting with one another. We have weekly educational events, mentor meetings and pitch practices that are valuable pieces of our accelerator. We want you to be physically part of the accelerator program and entrepreneurship community at ETC as well!

What is the difference between AccelerateBaltimore
and ETC?

AccelerateBaltimore is an accelerator program that will provide seed funding to startup technology companies to develop a minimally viable technology product for the marketplace in as little as three months. At the end of the three months, the companies present to an audience of investors at our Demo Day event.

Emerging Technology Centers (ETC), is a world class, award-winning incubator that has assisted over 300 companies since 1999. A comprehensive array of business services are offered to help start-up companies compete – and succeed – in the marketplace. The full-time ETC staff and subject matter volunteers assist companies with strategic planning, decision-making and business analysis. The companies can choose to stay in the ETC incubation program for up to two years. Unlike, AccelerateBaltimore, ETC does not have an investment arm.