Press Release: NMotion Kicks Off First Week of Summer 2013 Session
Lincoln – NMotion, the startup accelerator based in Lincoln, Nebraska, kicked off its program announcing five seed-stage startups as participants in the inaugural class including SynerScan, Signfront, Cinnamon Social, Fiscal Circles and a fifth team to be announced in the coming weeks. The accepted teams are provided capital, coworking space, and access to a pool of resources including over 90 mentors, training, and developer and designer talent.
Each startup will use the 12 weeks of the program to work with teams and mentors to test and validate the market, build and prototype, and prepare for a demo day showcase to be held on September 5th at the Champions Club, in Lincoln. Companies receive $15,000-$20,000 of seed capital in exchange for a six percent equity stake. This funding was provided by Invest Nebraska Corporation along with members of the Nebraska Angels organization and individual accredited investors. Program sponsors include the Lincoln Partnership for Economic Development, Union Bank and Trust, NUtech Ventures, and the University of Nebraska and many other companies and organizations.
“There has been a tremendous response from the startup community. Invest Nebraska couldn’t be more excited to be the majority investor in the participating companies,” remarked Mark Crawford, CEO and Investment Manager at Invest Nebraska.
NMotion’s startups took the first steps toward demo day last Monday and Tuesday by gathering to complete orientation and team-building exercises. Teams then met local and national mentors at FUSE Coworking in the Haymarket on Wednesday. On Thursday and Friday, the teams applied Lean Startup techniques in hands-on training workshops from LUXr, a Silicon Valley-based startup coaching organization. In between the structured curriculum, teams used the time to build out their business, make connections, and work collaboratively with other teams and the NMotion associates.
Laura Classen, Executive Director of the Nebraska Angels said this of the program, “NMotion has brought together a very talented, unique group of companies to be part of the accelerator this year. The Nebraska Angels are looking forward to providing mentorship, connections, and feedback as the companies grow and develop their pitch for Demo Day.”
Summary of NMotion’s Inaugural Class of Startups:
SynerScan – software to digitize hospital operations offering better healthcare through data
Signfront – simple, low-cost digital signage software and hardware for SMB market
Cinnamon Social – software for automated and intelligent social media content curation
Fiscal Circles – software offering consumers better context and confidence for financial decision-making
NMotion is a mentor-driven, education-focused, startup accelerator based in Lincoln, Nebraska. We focus on high-growth software and technology-based businesses in targeted industries of financial services, healthcare, manufacturing, transportation/logistics, communications, and agriculture. We provide an intense 12-week program designed to get your startup moving forward – faster and more effectively. We offer seed funding, hands-on education and access to a group of highly engaged mentors. We combine this with a cohort of fellow startups to create a collaborative community that’s focused and accountable. Further information can be found at http://nmotion.co