NASHVILLE, TN – Entrepreneurs have until Friday, March 18, to apply for the 14-week Nashville JumpStart Foundry program that offers a $15,000 stipend, coaching and other resources. Applicants do not need to hail from Nashville or even Tennessee.
JumpStart becomes a “co-founder” of the startups it helps launch and takes a 6 percent equity stake in the companies in return for its services.
Solidus Company, an investment firm with four funds, started the JumpStart program in 2010. It’s Memphis-based sister program, Seed Hatchery, received more than 60 applicants, according to Milt Capp’s Venture Nashville.
The online application form asks entrepreneurs to describe how their idea or company is different, who its competitors may be, what it will do or make, what previous web projects members of the company team may have created, and how the startup will make money, among other things.
Those evaluating the applications include some of the 31 JumpStart Angels, the Nashville Capital Network, and the Angel Capital Group.
We had trouble accessing the JumpstartFoundry.com website Monday morning.
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