(Memphis Daily) Start Co. has a new partner that’s bringing new funding with them to bolster the venture development organization’s efforts.
As a result of a partnership betweenStart Co. and Innova Memphis, an early-stage venture capital firm and the investment arm of the Memphis Bioworks Foundation, teams in two ofStart Co.’s accelerator programs will have a pool of funds waiting on them when the programs kick off May 4. Those programs are Seed Hatchery and Upstart, and they’ll both be getting $25,000 in investment capital.
Innova and Start Co. are teaming up to invest that capital into high-growth-potential B2B startups. Those startups will be flowing through Seed Hatchery, the first accelerator in Memphis now focusing on B2B technology businesses, and Upstart, one of the first accelerators to focus on women-led tech startups in the U.S.
Read the full article at The Daily News