Momentum, a Grand Rapids-based seed accelerator providing investments, intellectual capital and extensive mentorship to internet technology start-ups, is accepting applications for its 2011 program.
Now entering its third year, the 12-week program has evolved in terms of the programming and mentorship it provides to the aspiring entrepreneurs.
One of the biggest changes will be a more customer centric focus. Amanda Chocko, program director, says, "We found even with the best business plan, investors want to see validation there is a market for the business."
To address this issue, Momentum is incorporating
"Lean Startup" practices into its programming. Lean Startup is a process developed by Steve Blank and Eric Reis that helps to quickly test market assumptions.
If you are a developer without an idea for a new venture, Momentum also made a change to their process to allow single applications from developers who are interested in working with start-ups.
To apply, candidates must submit a written application and video pitch, due by Feb. 5, followed by a submitted pitch deck and an in-person interview. The Momentum vetting committee will review the applications and contact the top candidates in early March.
Momentum was founded by Rick DeVos and is a partnership between Pomegranate Studios, The Windquest Group and a pool of over 20 mentors in all areas of business and technology expertise.
For more detailed information on how to apply, you can visit their
website.Source: Amanda Chocko, Momentum Program Director
Writer: John Rumery, Innovation and Jobs Editor
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