When: 1 May - 10 Aug, 2017
Award: $50,000 and a 15 week accelerator programme
Deadline: 1 March 2017
What: The entrepreneurship accelerator program helps startups bring innovative logistics products and technologies to market.
The program is strategically located in Memphis, Tenn. – America’s distribution hub – home to the busiest cargo airport in the United States and in close proximity to five Class 1 railroads, the mighty Mississippi River, FedEx World Headquarters, and the I-40/I-55 corridors – making it the ideal place to launch new logistics innovations. Teams also have direct access to a network of logistics expertise in Memphis, including mentorship by FedEx staff members.
Companies with teams of two or more members are invited to apply for the program. We’re looking for companies investigating transportation- or logistics-oriented applications and hardware within areas such as:
- First-Mile/Last-Mile Delivery
- Data-Driven Supply Chain Management and Predictive Analytics
- Internet of Things (IoT)
- Smart Packaging
- Location- and contextual-based services
- Additive Manufacturing
Through a competitive application process, up to six companies will be selected for the 2017 cohort and each will receive $50,000 in initial seed capital, including an investment from Innova, one of the country’s most active micro-venture funds that has invested in more than 75 early-stage companies and co-founded the nationally ranked ZeroTo510 Medical Device Accelerator with Memphis Bioworks.
During the 15-week accelerator, entrepreneurs go through an intense, mentorship-focused program that includes classroom activity, hands-on exercises and rigorous business-building curriculum. The companies spend the bulk of their time on market validation, refining their business models, and proofs-of-concept. Post-acceleration programming will be available to help teams continue to develop and grow their startup companies.
The accelerator is operated by EPIcenter. Participating businesses have the added advantage of being immersed in a collaborative Summer of Acceleration experience in Memphis among seven other business accelerators. During the Summer of Acceleration experience, Start Co., a member of the Global Accelerator Network that has led accelerator programs for more than 80 startup companies, provides core accelerator programming, while EPIcenter provides logistics-specific programming.
At the end of the program, each team presents its business to investors, business leaders and community supporters at Memphis Demo Day on August 10, 2017.
The accelerator begins on May 1 in Memphis, Tenn., and the teams will be required to be onsite for the duration of the program.