Select startup accelerators across the country will pilot The Fluency Score, a tool for evaluating companies applying to their programs, thanks to a new InBIA pilot program.
InBIA (the International Business Innovation Association) is partnering with Fluent, a Denver-based fintech startup, and SourceLink, a non-profit entrepreneurial ecosystem resource provider.
Fluency Score evaluations will be conducted among startup accelerator applicants as well as program graduates in over 20 startup accelerator cohorts across the United States. This initiative will explore the potential for The Fluency Score’s data to help entrepreneurial support programs with their selection processes.
“The Fluency Score, like a FICO Score for startups, measures and describes innovation and execution risk using a standardized, objective algorithm that can be used by accelerators or others deploying capital and resources to startups,” said Beth McKeon, founder of Fluent. “This new tool offers a unique lens through which we can view business risk and potential. We are honored and excited to roll out the InBIA pilot on a large scale across the country.”
Fluent has strong ties to Iowa, as both, McKeon and Fluent’s Chief Strategy Officer Keevin O’Rourke, went through the Iowa Startup Accelerator with different companies.
SourceLink, a national leader in entrepreneurship measurement, data collection and analysis, is a third partner that will be providing consulting to determine the impact of the Fluency Score.
“It’s critical that all good ideas have the opportunity to thrive in an accelerator program. It’s part of our philosophy, and why we are eager to partner with Fluent and InBIA to measure the impact of Fluent’s pioneering approach,” said Rob Williams, director of SourceLink.
Applications for the pilot are now open.
Fluent: A new approach to startups -March 13, 2019