High 5: Start Co. receives $50,000 grant for second year in a ro - WMC Action News 5 - Memphis, Tennessee

High 5: Start Co. receives $50,000 grant for second year in a row

(Source: Twitter) (Source: Twitter)
MEMPHIS, TN (WMC) -

Memphis-based startup accelerator Start Co. received a $50,000 award from the U.S. Small Business Administration’s Growth Accelerator Fund.

Tuesday, during the first ever White House Demo Day, the grant recipients were named. It started with a pool of 400 applicants who were all seeking funding for their program. A panel of 40 judges narrowed it down to 80 companies.

“It’s an honor and to be a part of this unique celebration of America’s entrepreneurial innovation for the second year in a row, this year at the White House,” said Andre Fowlkes, President of Start Co. “We’re thrilled the Small Business Administration is supporting the startups and accelerator programs that are helping to build knowledge-based jobs in our economy, and happy that Memphis has been recognized as an important market for startup activity.

This year’s competition awarded $4 million to accelerators to help fund the continued growth of startups.

"The entrepreneurial ecosystem in America is incredibly exciting and very powerful,” said Javier Saade, Associate Administrator for Office of Investment and Innovation at the SBA.

“Administrator Contreras-Sweet and I welcome this year's Growth Accelerator Fund Competition winners and the important and inclusive work they do in support of innovative and high-growth small businesses."
 
Start Co. is now committed to quarterly reporting for one year, reporting metrics such as jobs created, funds raised, startups launched and corporate sponsors obtained, among others.

You can view their winning submission here.
 
Memphis based medical device accelerator, Zeroto510 also received a $50,000 grant from the SBA as well.

You can watch their winning submission here.
 
The full list of winning organizations and their videos can be found here.

You can watch White House Demo Day LIVE at whitehouse.gov/demo-day. Organizers are encouraging people to use the hashtags #WHDemoDay and #SBAAccelerates on social media to share their thoughts and experiences.

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