Thursday, December 29, 2011

Business Incubator Seeks Applicants

Posted By on Thu, Dec 29, 2011 at 9:00 AM

By Andrew Caldwell

Got an innovative new business idea? Launch Memphis might be able to help you get started.

Launch Memphis’ Seed Hatchery business incubator has sent out the call for business ideas. The six pitches with the most game-changing potential will receive plenty of help to get their ideas up and running.

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Now in its second year, Seed Hatchery is an investment program for aspiring entrepreneurs that’s driven by a group of mentors who help sapling businesses reach success. In their upcoming accelerator program, three to six entrepreneurs will be selected to receive $15,000 in start-up capital, an intensive 90-day business boot camp, and the guidance of the program’s mentors.

While they’re open to selecting any idea that shows economic viability and innovation, the program is geared towards technological innovation.

Last year’s winners included Choomogo, a company that provides self-service mobile phone charging stations, and Krikle, a free mobile social media app that allows users to leave virtual graffiti wherever they go.

The submission deadline for the Seed Hatchery program is January 7th. Submissions can be made on their website.

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