PROVIDENCE – Startup accelerator Betaspring is currently accepting applications for its spring 2014 session.
Betaspring provides a 12-week, mentorship-driven program along with work space, seed capital, legal counsel and access to investors and industry experts.
For the spring 2014 session, which kicks off on March 17, the accelerator is seeking “teams with a strong start on a high-growth venture to rapidly transform into fundable, scalable companies.”
“Our shared goal is to help you exit the accelerator on a fast, upwards trajectory toward your company’s specific growth objectives,” wrote Betaspring Chief of Staff Melissa Withers in a statement announcing the application acceptance period. “This is your chance to put a concentrated effort into going faster, and we will assist you in every way to help you be as productive as possible in developing/acquiring more customers, deploying products/services and amplifying a clear message to the world about your company.”
The final deadline for applications is Jan. 16, but companies that apply early receive priority review and may be eligible to attend a private event at the accelerator’s Chestnut Street headquarters, a part of the application process typically reserved for finalists.
If a startup team passes the initial review, they advance to a 10-minute interview. The next step – for companies who progress – is a 30 minute interview. Finalist interviews last roughly an hour, and teams selected for acceptance are notified quickly.
Since its inception in 2009, Betaspring has helped launch 83 companies, of which 56 are still active. The alumni have raised more than $32 million in follow-on funding, according to the release.