Nashville tech accelerator Jumpstart Foundry and nestGSV said they formed a partnership to allow Jumpstart Foundry startups to attend 12-week residencies at nestGSV’s Silicon Valley campus. Jumpstart will cover expenses for office and living space.
Jumpstart Foundry Opens Office in Silicon Valley ‘Ecobator’ nestGSV
Select alumni of Nashville tech business accelerator will gain access to dedicated Silicon Valley space, networking, and connections to investors and strategic partners
Nashville, TN and Redwood City, CA (PRWEB) March 15, 2013–Nashville tech business accelerator Jumpstart Foundry and Silicon Valley startup ‘ecobator’ nestGSV announced a partnership today whereby Jumpstart Foundry will rotate program graduates through 12-week residencies at nestGSV’s Silicon Valley campus. While JSF covers expenses for office and living space, startup teams will focus on raising capital and growing their strategic relationships, aided by facilitation and introductions by nestGSV’s professional staff.
Known specifically as a healthcare and music-centric city, Nashville has made a name for itself on nationwide lists of top entrepreneurial and startup cities. Jumpstart Foundry has capitalized on Nashville’s rise, inviting a select group of startup teams to participate annually in its 14-week cohort, which culminates in an investor showcase typically attended by more than 400 angel and venture investors.
Jumpstart Foundry COO, David Ledgerwood, talks about the investment Jumpstart Foundry makes in its alumni even after the accelerator cohort has graduated:
“Our alumni prosper in Nashville, and most of them want to stay here because it’s such a great place to live and work. Growing access to Silicon Valley’s funding and corporate infrastructure adds another meaningful dimension to the Jumpstart Foundry value proposition. Our startups can grow their networks in the Valley while benefiting from all that Nashville has to offer them as founders. It’s a win/win.”
The partnership offers much more than prime office space. nestGSV’s staff will facilitate the first 30 days of each company’s stay via a guided process that will make warm introductions to entrepreneurs, angels and VCs, corporate, tech and strategic partners who can help the companies get off to a fast start. Jumpstart companies will then spend the next two months following up and developing key relationships.
“The partnership with Jumpstart Foundry is in line with our vision of supporting the Global Silicon Valley. We are excited about the opportunity to work with different accelerator programs, such as Jumpstart Foundry, to help them join us in developing a global standard around entrepreneurship so the focus is less about where companies come from and more focussed on identifying the best companies by sector, thus taking the bias out of geography,” said nestGSV CEO Kayvan Baroumand. “As opposed to saying that all startups need to move to Silicon Valley, we are encouraging companies’ core teams to continue building their companies at home while leveraging key elements of the Silicon Valley ecosystem for fundraising and strategic partnerships.”
JSF recently partnered with F6S to launch a more interactive, socially connected application which potential teams can access at jumpstartfoundry.com. The new application lets teams and individuals connect via LinkedIn, start and complete the application during different work sessions, and submit it for evaluation. The F6S platform also allows startups to access some $300,000 in perks and deals.
Jumpstart Foundry Managing Director, Marcus Whitney, talks about the bigger picture that can come from the mixing of startup ecosystems:
“Cross-pollinating the Nashville and Silicon Valley networks will strongly benefit our alumni. We want to help them access the capital and relationship assets available on the West Coast as an additional benefit to joining the Jumpstart program.”
Managing Director, Vic Gatto reminds applicants how competitive the Jumpstart Foundry program has become, “We anticipate fewer than 5% of applicants will be selected this year. Getting an application in early helps us focus on your team and your plan before we get inundated with hundreds of applications in the final week. We highly recommend submitting early, especially in light of these new benefits, which are sure to enhance interest in our program even further. We believe this partnership will add incredible value to our high potential alumni.”
About Jumpstart Foundry
Jumpstart Foundry (JSF) fast-tracks successful technology businesses from launch to investment through a 14-week, mentor-driven acceleration program capped by an Investor Day showcase. JSF startups– principally comprised of healthcare IT, data systems and social engagement tools –capitalize upon resources and guidance from a hand-selected group of professional mentors who bring a wealth of experience from a variety of fields. Jumpstart Foundry is a proud partner of the Nashville Entrepreneur Center and the Global Accelerator Network.
For more information, please visit http://jumpstartfoundry.com
nestGSV is more than just a place; it’s a way of doing business. As the world’s first “ecobator”, nestGSV furnishes a rich ecosystem of services essential to the success of emerging technology companies. We bring together entrepreneurs, investors, large corporations, professional service providers, governments and educational institutions to drive collaborative innovation, successful market adoption and growth. Our ecobator model fosters supportive relationships between players in the innovation economy that create mutual benefit for all involved parties.
For further information, visit the nestGSV website at http://www.nestgsv.com. Facebook: http://www.facebook.com/joinnestgsv and Twitter: @nestgsv