NewME Accelerator announce new data findings from past two cycles
San Francisco, CA - NewME Accelerator, a residential technology program that launches minority and women-led start-ups, announced recent updates and data tracking the startups in its program since it’s launch last June.
NewME has shown to be successful in helping its start-ups create a robust network of investors and experts and improve product development.
New data shows 59 percent of NewME founders secured funding after completing the program and to date have raised $3.4 million in outside funding; most recent including Spring 2012 start-ups AgLocal raising $1 million in funding from Andreesseen Horowitz and others and Kairos raising $500,000.
Access to funding has allowed founders to expand their businesses and hire more employees contributing to job creation in local communities. NewME Alumni have created 60 jobs to date.
Having strong relationships with companies like Google, Andreesseen Horowitz, Wilson Sonsini Goodrich and Rosati, Tagged, and others; NewME has created a strong network that is attractive to technology entrepreneurs around the country and has positioned itself as a leading accelerator.
Access to the NewME network was proven to be the most valuable to the founders with 100 percent ranking it as most important.
Other findings show 86 percent said the residential portion of the program was important or very important, 86 percent have plans to relocate to Silicon Valley.
About NewME Accelerator
NewME Accelerator is an intensive and intimate 12-week residential program that launches minority and women-led start-ups. NewME’s mission is to accelerate, educate and empower under-represented technology entrepreneurs around the world.