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A Pair of Business Accelerators Focus on NFC RFID Startups
AccelerateNFC and Startupbootcamp are providing mentorship and funding to Near Field Communication entrepreneurs in exchange for a percentage of equity.
The program is open to any companies whose product is in, or past, the development stage, and with less than $1 million in sales. The focus, Sabella notes, is on non-payment NFC solutions.
Although the application process was not intended to commence until later this summer, Sabella says he has now opened up that process, since he received multiple requests to begin accepting those applications. Three or four companies will be selected in September, he reports, and AccelerateNFC will also provide up to $15,000 in funding per business. Startups will share 6 percent of their equity with AccelerateNFC mentors.
NFC Bootcamp will host a training program on June 12 and 13, to coincide with the 4th Annual Auto-ID & Sensing Solutions Expo, hosted by the MIT Enterprise Forum of Cambridge. The program is a partnership between NFC Bootcamp and the MIT Enterprise Forum of Cambridge's NFC Cluster Circle (a group of companies that support the development and adoption of NFC technology).
During that week, AccelerateNFC will host a two-day NFC Hackathon in which developers will compete for cash and prizes by creating NFC-enabled mobile applications and solutions focused on gaming, social interactions and ways to connect real-world objects with mobile devices. The event is sponsored by multiple NFC companies, including HID Global, Smartrac, Kovio, the NFC Cluster Circle, NFC Bootcamp, BlackBerry, Cellotape, Blue Bite, ABnote, NFC-Jobs and TapTrack.
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