April 24, 2015
It was only days ago we reported that Highway1’s Spring 2015 class is their best funded to date. But they’ll be looking to top that this fall as they’ve just announced that they’re currently accepting applications to the hardware accelerator.
It’s set to start in August, 2015, and Highway1 is searching for 15 total hardware specific companies from around the world to join their program. To date they’ve seen a grand total of 45 hardware-centric startups participate in the accelerator program.
“The rush of applications pouring into the program from around the world recharges us for every class,” says Brady Forrest, VP of Highway1. “Experienced, passionate teams, who already have a working prototype and are ready to refine their technology for production, thrive at Highway1. We work hands on with the teams and we invest in their success.”
In the program startups get access to an extensive network of mentors, a unique classroom curriculum, and new lab and office spaces. The team wants their applicants to know that the curriculum is no joke though: over four months startups will be totally immersed in scaling hardware businesses.
Additionally, Highway1 offers an element to their accelerator that you’ll be hard pressed to find elsewhere. Selected startups embark on a 10 day trip to Shenzhen, China to learn firsthand about building a global manufacturing and supply chain network.
“We are looking for dedicated entrepreneurs who want to build a company, not just one product,” says PCH founder and CEO Liam Casey. “We help put our hardware startups in the best possible position for investment. As we can see from recent successful crowdfunding campaigns, there is a tremendous amount of consumer excitement about hardware tech right now.”
To clarify, PCH houses the accelerator program Highway1, and because of that symbiosis, program participants will get to work out of the new 10,000 square-foot space located at the PCH Innovation Hub in San Francisco. The facility has state of the art prototyping, electrical engineering labs, a CNC mill, 3D printers, and a spectrum analyzer.
For a $50,000 investment, Highway1 gets between a four to seven percent equity stake in the selected companies. If it sounds like something you’re interested in, the application deadline ends on May 29: don’t let it get ahead of you, and good luck!
Image Credit: Highway 1
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