By guest authors Irina Patterson and Praveen Karoshi Kerry: Scvngr is our best-known company. They are a mobile game platform that is used both in the B2B space, in that museums and cities can host Scvngr hunts for residents who can explore a community, and also a consumer game, where users can check in at
By guest authors Irina Patterson and Praveen Karoshi Irina: What tools do you use to accomplish your mission? Kerry: Because we don’t specialize in a specific industry, protocol, or niche, and we don’t specialize in a particular stage – they are obviously all early-stage companies – we don’t think they need a curriculum or set
By guest authors Irina Patterson and Praveen Karoshi Irina: How many applicants do you accept? Kerry: We will take 15 companies in [each of] the upcoming sessions, and that is the maximum we accept because we think there is really good interaction between them at that number. It will be a maximum of 60 people,
By guest authors Irina Patterson and Praveen Karoshi Kerry: So, if we take a company like Scvngr, which is among our alumni, when they applied [the founder] was a 17-year-old from Princeton who was a technologist, very savvy, visionary, but he really needed someone to build out more of the front-end sales and marketing operations
By guest authors Irina Patterson and Praveen Karoshi Irina: What are your core benefits? Kerry: We provide a lot of the same types of services that you will see in other accelerator programs, but I will describe them just to make sure we talk about them, and then we will talk about a couple of
By guest authors Irina Patterson and Candice Arnold Irina: Are there any other metrics that you measure? Debera: No, just whether [the companies are] able to shift from needing the support of the incubator to being their own companies. That’s our goal, basically, that they’re launched and they’re successful.
By guest authors Irina Patterson and Candice Arnold Irina: What other business development tools do you use? Debera: There are lots of tools for developing business plans. We use those. That’s fairly structured. Then, around [such tools] is the fairly chaotic experience of the other people in the incubator as well as all the mentors
By guest authors Irina Patterson and Candice Arnold Irina: How many companies were funded by angels during their incubation period? Debera: At this point, Sam Cochran, [the CEO of SMIT, which runs] the Solar Ivy company got about $250,000 in angel funding. The other companies are less needy, less technology based. They’re not actually looking