Boom Startup GenTech based in USA is a mentor driven seed accelerator program. The program entails lean startup methodologies to help launch tech – startups. Boom Startup firmly believes that connecting companies with the right mentors, investors and industry experts is the right way to scale companies and create explosive growth

Program

BoomStartup selects 10 general technology companies for a 12-week intensive program. Throughout the accelerator, companies will distill and identify their core company purpose, develop and refine their MVP, obtain traction critically needed to raise capital, and perfect investor pitches. The program culminates in Demo Day, where startups have the opportunity to pitch private investors, angel groups, and venture capitalists. 72 percent of BoomStartup’s accelerator companies have received funding, and the average amount of capital raised per company is $548,000.

BoomStartup makes performance-based milestone investments in general technology companies as they mature through a 5-level program, which is backed with analytics, metrics, milestones and aspiration that your startup is ready to take the next step. Companies can receive up-to $100K in seed funding by reaching the fifth level. BoomStartup receives 6-9% of equity across multiple investments based on achieving mutually agreed performance milestones. In addition, companies also receive over $750K of in-kind services, ranging from $100K in AWS, Azure or IBM hosting credits to banking, legal and financial services.

Throughout the accelerator, companies will distill and identify their core company purpose, develop and refine their MVP, obtain traction critically needed to raise capital, and perfect investor pitches. The program culminates in Demo Day, where startups have the opportunity to pitch private investors, angel groups, and venture capitalists. 72 percent of BoomStartup’s accelerator companies have received funding, raising between $500K – $1.5 million.

Utilizing the BoomStartup Online platform, founders can work at their own pace to accelerate their business for up-to 52 weeks, which will help them find an optimal business model, create a minimal viable product that is revenue-ready, execute into revenue generation, and make connections to customers and investors. Even more important, startups receive intense day-to-day mentoring from BoomStartup’s extensive mentor pool of 250+ industry experts, whom will work with startup teams to nail their business model, build their minimum viable product, and get traction.

Location: Salt Lake City,  USA

Deadline: August 31, 2017

Please visit the following link to apply: http://boomstartup.com 

 

About the author

Rafeh Umair

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