Today, the DreamIt Ventures accelerator is showcasing 15 startups at demo day in Philadelphia.
DreamIt Ventures, ranked the #11 top startup accelerator in the US, provides startups with office space, mentorship, and up to $25,000 in funding. This is its fifth class in Philadelphia.
“These are not pie-in-the-sky ideas or wireframes masquerading as businesses. These are real business that create value. Almost 75% of the companies are generating some revenue,” says founding partner Steve Welch.
Since DreamIt announced this class in September, a few changes have taken place. BrandREP.me has become Ninjathat, an online marketplace to hire students to perform tasks for you. CloudConfidence grabbed the slightly catchier name Cloudamize. Instead of the Whoot, an app for planning tonight’s activities with your friends, we have the family-friendly Spruceling, a peer-to-peer marketplace where you can buy and sell used children’s clothing. TripKno, to help travelers discover activities, has been reborn as Vizy, an iPhone app that lets you connect virtual memories to physical locations. And, finally, it looks like Vinny Pujji branched out from his role at Altair Prep to start TrendBent, a curated shopping site for men that recommends clothing based on Facebook likes and short quizzes.
DreamIt Ventures, which has run programs in New York, Philadelphia, and Israel, is in the process of expanding. The first class in Austin kicks off in January 2013 at Capital Factory. And DreamIt will hold a four-month program focused on health startups in Philadelphia next spring – apply by February 8.
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