January 13, 2015
Seed Sumo, an international startup accelerator, announced today that they will be accepting applications from startups for its 2015 program. Seed Sumo is looking to accept up to 10 startups, and it has increased overall program funding to $50,000, which is $30,000 more from last year.
The Seed Sumo startup accelerator is a three-month program that will start May 20, 2015, which includes intensive mentoring and business model design. Founders will enter the program at the seed stage, where they will spend 100 days developing their ideas guided heavily by the lean startup methodology and mentors assigned specifically to their startup.
“We had great success with our startups last year and we want to make it even better this year,” said DJ Monteilh, co-founder and director of Operations for Seed Sumo. “We not only want to grow and develop our startups businesses, we want to grow each founder as an individual as well. That is one reason why we’ve quadrupled our staff and incorporated a food and nutrition program to keep their minds sharp, energy high, and spirits up.”
New to this year’s program is additional staffing, which includes nine staff members, two “hackers” to help with all things internet/programming, dedicated mentors that have specific interest in your company, a twist on demo day, and over 4,000 expert advisors at your fingertips virtually.
“Founders need Seed Sumo because these guys have been in the trenches and came out on top. It’s incredibly valuable to have people like that in your corner,” explained Chris Stewart, cofounder of Fanout.io, an alumnus from last year’s class.
Participants will also have a dedicated space to work, access to mentors and a complimentary massage once a month in the “chill room” located on campus. Seed Sumo successfully completed its first year in 2014. Its eight startups received over $4 million in funding so far and one is in discussions on a possible exit.
Applications for this year’s accelerator program can be submitted through March 22, 2015. To apply, visit http://www.seedsumo.com/
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