Nextcorps, Inc.
|
Location |
Rochester, NY |
|
|---|---|---|
|
Project Name |
Software Startup Accelerator for Non-Technical Founders |
|
|
Award Amount |
Federal Share |
Local Match |
|
$743,012 |
$241,600 |
The Software Startup Accelerator for Non-Technical Founders led by NextCorps, Inc will help individuals that have been negatively impacted by COVID-19, as well as employed individuals seeking new career opportunities, launch a new software company from an idea to revenue within one year.
The benefits of this project include:
- Resilience - Software companies can operate safely from anywhere and have business models that are more resilient to economic disruptions.
- Regional Impact - A 2019 study by the Boston Consulting Group identified the software sector as a key pillar for long-term economic growth in the Rochester region.
- Speed - This program gets companies to revenue fast (within one year) with no outside funding, reducing the dependency on VCs that have pulled back investments during the pandemic.
- Skills Development - The “no code” movement helps non-technical founders build scalable web and mobile applications. This accelerator will teach them these valuable new tools and skills.
- Talent Engagement - The accelerator will engage students from local universities to work closely with these founders, potentially encouraging them to remain here post-graduation.
- Cluster Development - Partners in this initiative will help to create a software cluster that fosters economic growth for years to come.