Two Chattanooga startup firms have been picked to participate in Techstars Atlanta, an acclaimed “accelerator” program for budding companies that marks its second yr in Atlanta.
The Chattanooga startups chosen have been Collider Tech, which is creating a high-speed, Three-D printer for industrial use, and Fast RMS, which makes cloud-based, point-of-sale software so fuel stations, liquor shops and different retailers can change their clunky money register with a smooth, iPad computer pill.
Each firms have folks commuting to Atlanta for the 90-day Techstars Atlanta program, which is housed at Ponce Metropolis Market. It guarantees that entrepreneurs who take part will “build their business network, receive individualized support and learn how to do more faster.”
Jason Luna, Fast RMS’ chief working officer, met with 10 mentors Monday at Techstars — and can try this over and over for 10 days till he meets 100 mentors.
“Today was the first day of ‘Mentor Madness,’” he stated, describing the primary section of the accelerator that Fast RMS hopes will culminate in $Three million worth of backing from buyers.
“We’re looking to do a Series A round of financing, looking to raise $3 million, primarily for sales and marketing,” Luna stated.
Fast RMS has 349 clients, Luna stated; 49 use the point-of-sale system and 300 use back-office software.
“Most of those are liquor stores,” he stated.
Collider CEO Graham Bredemeyer additionally was at Techstars Atlanta Monday.
“It’s great. We’re pumped to be participating and to be chosen,” stated Bredemeyer, who took half within the Firm Lab’s Gigtank accelerator program right here in Chattanooga in 2016.
Techstars, which is at some 30 areas world wide, has a unique focus than Gigtank, he stated.
Collider was nonetheless closely in technical development in the course of the Gigtank accelerator, he stated. Now, its aim is to supply and promote 5 “beta” variations of its high-speed Three-D printer that may make components from a wide range of supplies, together with plastic, silicone and metallic.
“You can make everything from a metal automotive part to a shoe sole,” Bredemeyer stated. “We’re focused in right now in developing out our sales processes and sales pipeline.”
Techstars is likely one of the world’s best-known accelerators, Bredemeyer stated, in all probability second only to Y Combinator.
“One of the goals of Techstars Atlanta is to help shine a light on our city as a hotbed for innovation,” Techstars Atlanta’s Managing Director Michael Cohn stated in a news launch.
Of the 41 counties represented within the functions, the nations with essentially the most candidates have been U.S., Nigeria, Israel, India and U.Okay, the discharge stated. Almost 1 / 4 of the entire functions got here from Atlanta.
The Techstars Atlanta program will probably be capped off by Demo Day on Oct. 10.
Techstars Atlanta is introduced in partnership with Cox Enterprises, a communications, media and automotive companies firm with revenues exceeding $20 billion and roughly 60,000 workers. The corporate’s nationwide manufacturers embrace Autotrader, Kelley Blue Guide and the auto public sale firm, Manheim.
This put up initially appeared on Times Free Press.