Have an app for that? Apply to Newark Fownders to accelerate your tech startup
by Andaiye Taylor/January 11, 2017
Fownders, the tech startup accelerator that launched in Newark this past summer, is building its second cohort now, with applications open through Friday, January 13. The cohort itself will begin meeting on February 20th.
The social impact accelerator, whose offices are located at Norfolk Street and Sussex Avenue, helps tech startup founders to hone their ideas; acquire essential startup skills, habits and mindsets; meet potential mentors and investors; and prepare for the next stage of growth. The current cohort includes startup companies building everything from a communication app for sports teams (Oskie) to an Uber-style technology for urban campuses (Youii).
Fownders is the brainchild of Gerard Adams, a successful tech and content entrepreneur (he cofounded, and then subsequently sold, the millennial-focused website Elite Daily) whose father is a native Newarker. Adams launched Fownders here based on his belief that Newark can become the “Silicon City of the East” on the strength of its location and tech infrastructure, including its superfast internet. He also thinks successful entrepreneurship, and cultivating startups that can scale, will be critical for job creation in cities like Newark.
The application requires prospective Fownders to provide information about their companies, teams, target customers, competitors and the stage of the business, on a spectrum from concept to minimum viable product with paying customers. The current cohort includes businesses both with multiple team members and with solo founders.
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