The 2019 Flywheel New Ventures Accelerator startup challenge is accepting applications from formative inception and early-stage entrepreneurial companies with web and mobile software, hardware or device innovation ideas.
Student teams from accredited higher education institutions are also encouraged to apply.
Deadline for applications is March 31 at 11:50 p.m. (EDT). Click here to apply for the Flywheel New Ventures Accelerator startup challenge.
The challenge will consider any ideas in the categories of business or consumer software development and applications, IT and informatics, high technology, and device innovation. The Flywheel New Ventures Accelerator startup challenge is particularly interested in ideas that intersect with the following domains:
- Digital Health
- Medical Devices
- 3-D Printing
- Wellness Tech
- FinTech and InsurTech
- Advanced Textiles
- Wearable Tech
- Logistics and Supply Chain
- Arts Entrepreneurship
- Social Innovation
Selected from the pool of applicants, up to eight winning teams will be accepted into the Flywheel New Ventures Accelerator, which is 12 weeks of focused growth.
In addition, winners will be awarded the following cash prizes as the first tranche of an average $50,000 investment per team: $35,000 1st prize, $15,000 2nd prize, $10,000 3rd prize, and $5,000 for up to five runners-up. Additional investments will be based on milestone achievement as teams progress through the accelerator.
About Flywheel New Ventures Accelerator
The accelerator is an intense three-month program through which startups develop ideas into investor-ready functional business models. Teams are taken through a lean-startup method with weekly workshops and agreed upon milestones.
These rapid development educational workshops and disciplined lean startup process are taught by experienced entrepreneurs and tech mentors over a 3-month acceleration and 2-month follow-up residency at Flywheel.
Flywheel Coworking administers the challenge on behalf of the New Ventures, provides workspace for selected challenge teams during the finalists briefing and final pitch weekend, runs the accelerator, and organizes the resources and mentors for development of teams’ concepts and commercialization plans.