StarterStudio's Seed-Stage Accelerator Announces Newest Teams

Central-Florida tech-business accelerator enrolls eight growing startups into its nonprofit programs in Orange and Volusia counties
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Venture Capital


Orlando - Florida - US


ORLANDO, Fla. - July 24, 2018 - PRLog -- StarterStudio today named the startup teams that joined their Seed Accelerator programs this June in Volusia and Orange counties. The program helps early-stage companies to accelerate their growth, strengthen their leadership skills, and prepare their companies for outside investment.

The eight startups in the current Seed Accelerator cohort are:

• GRD Biomechanics: Makers of wearable technology for the treatment of knee pain and disorders. Their custom orthotic, Ascend, provides both lateral stabilization and muscle augmentation.

• LibLok: Develops automated adventure sport rental systems. Much like Redbox is for movies, LibLok is for surfboards, SUPs (stand up paddle boards), and kayaks.

• Lucerna Studios: Helps kids conquer their fear of learning through their passion for video games. Lucerna Studios is creating a world of learning games that capture the essence of being a kid while empowering educators and parents.

• Omnimodal: Provides real-time info and seamless payment to increase ridership, improve satisfaction, and plug public transit into the MaaS (Mobility-as-a-Service) market.

• Pangian: Pangianis like for Millenials and high-quality remote work around the world.

• PaperStac: An online marketplace where investors can buy and sell home loans that before were only available to financial institutions.

• Party Tutor: A monthly membership that grants college students access to instant rewards and member-only experiences at their favorite places around campus.

• Taab (travel as a benefit™): Travel and vacation focused employee benefit that increases employee productivity and decreases employee burnout.

The program matches seasoned technology executives and subject matter experts, many of whom have led their own startups to success, with the individual seed-stage teams for one-on-one mentoring, as well as presentations, workshops, and other high-level learning opportunities for all teams. All eight teams are slated to present at StarterStudio's third annual Central Florida Investor Showcase on October 4, 2018, that brings together local startups with investors from the Southeast and Eastern seaboard.

The companies are each eligible for $25,000 in initial seed investment and up to $225,000 in investment from StarterStudio's Seed Fund, a nonprofit, "evergreen" seed investment fund. The investment is dependent on the companies meeting strict growth performance metrics and the funding of StarterStudio, a 501(c)3 organization.

Donna Mackenzie, Executive Director of StarterStudio comments, "This marks the third year of our Seed Accelerator program in Central Florida and I continue to be amazed not only by the breakthrough ideas these companies are capitalizing on, but their hard-won focus on scaling their companies and becoming investable."

Sensatek founder Reamonn Soto, an alumni of the seed-stage accelerator in Volusia, offers this on his recent experience, "StarterStudio and the Seed Accelerator helped me achieve a sense of purpose in the midst of uncertainty by helping us set clear milestones and equipping us with mentors that we needed to evolve as a startup company."

Soto also weighs in on what last year's 2nd Annual Central Florida Investor Showcase meant additionally for his company, "The showcase helped us to perfect our pitch and better articulate our vision for the company. We built relationships that extended beyond Central Florida and helped prepare us for the major leagues."

About StarterStudio

StarterStudio is a pioneering hub for innovative and tech-enabled entrepreneurs that empowers and provides resources for entrepreneurs, creatives, and innovators to begin, grow, and flourish in Florida. Through community education programs, accelerators, funding, and collaborative work spaces, StarterStudio fosters a community—serving as a platform for the ideas of the future.

StarterStudio is a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code. Per the IRS, bequests, devises, transfers and gifts to the fund are tax deductible.

Media Contact
Donna Mackenzie
Tags:Startups, Accelerator, Venture Capital
Location:Orlando - Florida - United States
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