Dear Startup City applicants,
We’re sorry to inform you that we are delaying the launch of Startup City. While we received significant angel investor support, we don’t want to launch without full funding from the right investors. We view this as a temporary setback: rest assured we will be retooling the Startup City concept using feedback we received during the fundraising process as we continue to seek investors.
We did read all of your proposals carefully, because part of our fundraising involved explaining the kinds of companies that were interested in participating. If you would like confidential feedback on your proposal, please email info@thestartupcity.com.
Thank you very much for your applications. We’ll definitely keep you posted of new developments. If you have any questions please feel free to email us.
Sincerely, Mike Subelsky and Monica Beeman
We (Mike Subelsky and Monica Beeman) are launching a 12-week startup company accelerator and incubator based in Baltimore, Maryland. Ten companies will come to Baltimore on July 1st, 2011 and will each receive:
- $15,000 in seed capital
- Weekly progress consultations with an experienced business mentor
- Free, beautiful office space collocated with the other participating companies
- Legal, accounting, marketing, and technical assistance from Baltimore’s Emerging Technology Center
- Introductions to potential customers and investors
- Weekly master classes and workshops
- Vigorous coverage of their stories in our blog via video and written profiles
- Exposure to investors, journalists, and business leaders at a Demo Day occurring at the end of the 12 weeks
The founders of each company are required to reside in Baltimore between 7/1/11 and 9/30/11. After that you are free to go where you want, but we hope you will have such a good experience that you will decide to stay here!
How To Apply
Applications are now closed – we’ll be notifying applicants in the next few weeks.
