Oklahoma's first venture accelerator has already received some good applications from startup companies seeking its services, but more applicants are expected in the coming weeks.
VentureSpur, a firm launched in Oklahoma City this year to nurture early-stage companies seeking to mature and attract capital, has set a June 6 deadline for early-stage businesses seeking help.
“The applications are coming in quickly,” VentureSpur co-founder and managing director Kraettli L. Epperson said.
“We're very excited about the applications we're seeing.”
The venture accelerator company follows a model of firms in other parts of the country that have successfully helped develop fledgling firms that have a business plan and perhaps a prototype, but haven't yet earned their first round of venture capital, Epperson said.
Speaking at the Oklahoma Venture Forum on Wednesday, Epperson noted that venture accelerators in other parts of the country have been successful at grooming companies that survive and sometimes thrive.
Dropbox, a popular online digital storage service, is one of the best examples of a booming business to graduate from the venture accelerator process, he said.
“Dropbox is a great
About the program
On July 6, VentureSpur will select three promising companies and offer a 12-week “boot camp” that will include free office space, mentoring from successful Oklahoma entrepreneurs, development and education opportunities and money from a seed fund.
Founders of developing companies typically swap equity in their business for early-stage funding.
On Nov. 6, the three selected companies will present formal “pitches” designed to attract investors.
To apply with VentureSpur or to learn more about the company, go to venturespur.com