Less than six months after the completion of its inaugural class, SparkLabKC today announced the group of startups that will participate in its second class.
“The first year people really didn’t know what the value of the program would be, but our first class were our best marketers for the second one,” Kevin Fryer, SparkLabKC managing director, told Silicon Prairie News. “They all went out and said how much they got out of it. It was much easier to recruit the second class because of that.”
From 40 applicants, SparkLabKC whittled its second class down to 10 startups to participate in the 90-day business accelerator. The program now has close to 100 mentors, an asset that Fryer says greatly benefits the accelerator’s startups and their ability to get connected.
“We were a startup last time,” Fryer (right) said. “Now that we’ve done it once we’re much more polished. We’ve got everything done and in place for the second group. You always get better the second time you do anything.”
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Each startup will receive up to $18,000 in seed capital and free workspace, along with legal, financial and accounting counsel.
“We had a lot of lessons learned, but I think the quality of the applications the second time around was much higher,” Fryer said. “The startups tended to be much further along in their development. A lot had product done and some already had existing revenue streams.”
After completing the program, the 10 companies will pitch their businesses to investors and members of the community at a demo day on April 11.
SparkLabKC second class (Jan. 11 – April 11)
Learn more about the 10 companies participating in SparkLabKC’s second class. (Descriptions from company websites or Twitter bios).
Credits: Kevin Fryer photo from SparkLabKC.