Startup accelerator Bizdom is looking for its ninth group of tech companies to join its three-month summer/fall session. Bizdom’s accelerator program mentors and provides companies with up to $125,000 to launch and grow their tech-based businesses in Cleveland.
"We're looking for amazing founders -- founders with passion, uncommon ideas and the technical, design and leadership skills to build a business," says Bizdom Cleveland leader Paul Allen. "We're looking for everything from an idea on a napkin to a business that's already developed a product and has one or two customers."
Bizdom primarily is looking for web and mobile software, and technology-enabled services companies. "We're especially interested in seeing sports, wellness, healthcare, financial tech, marketing, real estate and hospitality related business ideas," explains Allen. "Those are ones where we can really leverage the over 100 business in the Quicken Loans Family of Companies to help the startups grow bigger faster."
Startups are a critical part of Cleveland’s economic success, says Allen, and he describes Bizdom as the first rung on the ladder to success. "To have a thriving economy you need to have lots of smaller, more agile companies that push the boundaries with new technologies and business models," he says. "Not all of these businesses will succeed, but many will. Over time, these businesses will contribute greatly to the regional GDP. But just as importantly, they attract a highly desirable type of creative worker to the region."
Twelve tech companies will be accepted into the next session. The deadline to apply is Monday, June 2. The session begins on July 7. The summer session is funded $240,000 grant from the Ohio New Entrepreneurs (ONE) Fund.