November 25, 2014
The official start of North Texas’s newest accelerator, Collide Village Accelerator Program (CVAP), on November 6th, 2014 is evidence of the rapidly growing startup community in Dallas-Fort Worth. Collide Village is a milestone driven seed stage startup accelerator housed in the Addison TreeHouse, a resource centered coworking space in the Dallas-area town of Addison.
The Village offers each company in its program:
- $75K in funding: An initial seed fund of $25K and an optional convertible note of $50K
- Access to an exclusive network of mentors, advisors, and investors.
- Free coworking space at the Addison TreeHouse for four months.
The program focuses on customer validation, a defined MVP (minimum viable product), consumer marketing, branding, go-to market strategy and fundraising. CVAP will take 8% equity in the companies in exchange for participation in the program. “A key differentiating factor of the CVAP is that start-ups perform extensive customer validation before investing in further product development. After market validation, start-ups work with top-notch market research firms and expert branding mentors…”, Collide Village says on their website. Another differentiator is the open lecture series they’re hosting for the community.
Collide Village received 120 applications across 14 countries and had a 5% acceptance rate. The kickoff event for the inaugural class was held on November 14, 2014. It included a presentation by David Litman, former CEO & founder of Hotels.com, and brief words of inspiration from Town of Addison’s Mayor Todd Meier.
The six companies in the inaugural Collide Village Accelerator Program class are:
Five Oh: A mobile app that helps people on a budget find food that costs less.
Greedi: An online and mobile platform for food delivery within a localized community.
Hansom: Mobile apps that enable the exchange of peer-to-peer services at the college level.
Magik Help: Technology that connects homeowners with safe, reliable and convenient labor.
Primal Sensor: An enterprise hardware company specializing in location-based tracking systems.
YourSportsCast: Solutions to personalize and blend of various sports media.
Tahir Hussain serves as the CEO of Collide Village. Mr. Hussain previously worked at Ericsson and is also a successful entrepreneur. He founded Fusion Solutions, a wireless solutions firm that was No. 5 in Inc. magazine’s list of the nation’s fastest-growing companies in 2007. In 2010, Tahir Hussain sold the company. After Fusion Solutions, he began mentoring and investing in startups. When asked about the Collide Village Accelerator Program, “I’m taking a leap and enjoying it,” Hussain said to Dallas Morning News’ Hanah Cho back in August.
We’re honored to host Collide Village at the Addison TreeHouse and very excited about the impact these six companies will have on the North Texas startup community after their graduation.
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