Grand Central Tech Accelerator Begins First Session with Inaugural Class

June 16, 2014

4:00 pm

Last week, NYC's Grand Central Tech – an accelerator offering startups with free rent for zero equity – announced its inaugural class of companies. For an entire year, the 16 selected startups will work out of the 15,000-square-foot Midtown space formerly occupied by Facebook, and will gain mentoring from successful entrepreneurs and industry leaders, as well as exposure to various investors.

We first reported on Grand Central Tech in April when the accelerator was still in the process  of accepting applications for this first class. Nearly 450 startups applied to the accelerator, all of which were probably enticed by its unique model. Because of its focus on truly building the NYC startup community, it should be pointed out that the one requirement for startups is that they commit to leasing space in the building upon completion of the program.

Today marks the first day for all 16 startups at Grand Central Tech:

The 16 startups in Grand Central Tech's first class include:

  • Augmate: Augmate provides a platform for quickly developing cloud-based digital eyewear (i.e. Glass) apps.
  • Caliber: Caliber helps you discover professionals who have the knowledge, skills, and connections that match your interests.
  • CoheroHealth: CoheroHealth has patented sensor-based technology that incorporates an inhaler sensor and a mobile spirometer with a patient-centered asthma health tracking mobile application.
  • Drilling Analytics: Drilling Analytics provides analytics to oil companies.
  • Grid Mobile: Grid Mobile offers software solutions that integrate mobile services.
  • Hitlist: Hitlist provides a personalized, mobile flight search engine that sends users notifications when they can save money on good travel deals they may be interested in.
  • Hopscotch: Hopscotch offers an iPad platform that allows kids to learn programming.
  • Modalyst: Modalyst provides an online wholesale platform for rising apparel and unique accessory designers.
  • Nagare: Nagare is working to solve fresh water scarcity and waterborne disease, using its breakthrough water filtration membrane.
  • NextGenVest: NextGenVest provides an app that teachers high school students how to manage their money.
  • Ocho: Ocho will provide a new social video platform that is different from how we already experience videos.
  • Related Noise: Related Noise offers a real-time platform for two-way conversation to websites and blogs.
  • Spoken Layer: Spoken Layer has come up with a method for turning written articles into audio read by real people).
  • Theron Industries: Theron Industries is creative agency focused on mobile app design and development.
  • VA Loan Captain: VA Loan Captain offers a marketplace for veterans and service members, where they can find the best rates on government-backed home loans.
  • Vestorly: Vestorly offers a content marketing application for financial service providers.

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Ronald Barba was the previous managing editor of Tech.Co. His primary story interests include industry trends, consumer-facing apps/products, the startup lifestyle, business ethics, diversity in tech, and what-is-this-bullsh*t things. Aside from writing about startups and entrepreneurship, Ronald is interested in 'Doctor Who', Murakami, 'The Mindy Project', and fried chicken. He is currently based in New York because he mistakenly studied philosophy in college and is now a "writer". Tweet @RonaldPBarba.