NewBoCo announces startups for Fall 2018 accelerator programs

Eric Engelmann, Executive Director of NewBoCo, talks with Kids First Law Center, one of two startups accepted into the Social Good Accelerator.

The Iowa Startup Accelerator (ISA) has announced the four companies that will join the 2018 Fall Cohort.

In addition, two nonprofits have been accepted into the inaugural cohort of NewBoCo’s Social Good Accelerator, after running a successful pilot of the program earlier this year with GSI Works.

Instead of a seed investment like in ISA, each team accepted into the Social Good Accelerator will receive a grant of $20,000-$50,000. The nonprofits will receive the same training and access to NewBoCo network of mentors and resources in as the tech startups in ISA.

The companies joining the the accelerator programs are:

Iowa Startup Accelerator Teams

Social Good Accelerator Teams

Eric Engelmann, Executive Director of NewBoCo, returns to lead the ISA from a nine-month sabbatical where he visited startup and tech communities around the world.

“I researched a lot of the funding models for programs similar tothis while traveling,” Engelmann said. “Just trying to find other options for how to best grow the program.”

Last lear, the accelerator announced the intent to go from ten startups per year to 100 per year over the next five years.

“In ordered to that, we need to find a different financial model,” Engelmann said. “So right now we’re doing a lot of exploration around how get to that point.”

Four of the six companies accepted into the accelerator program this fall are based out of Iowa.

“We’re not necessarily filtering for Iowa companies. It’s really based on the quality of the applicant and whether or not we feel like they meet the criteria we’re looking for,” Engelmann said. “What I hope is true is that this is a sign that Iowa is getting better at producing acceleratable companies.”

Previous coverage

NewBoCo provides multiple avenues to success –August 6, 2018

Rantizo: Precision drone spraying –April 11, 2018