Innovation Depot’s Velocity Accelerator program has picked eight startup companies for its 2021 cohort.
More than 50 companies applied for the program, now in its fifth year, which recruits tech companies and gives them access to $50,000 in capital, along with resources and mentoring in order to grow their operations quickly.
But this is the second year the program will be affected by the COVID-19 pandemic, which hit right in the middle of the 2020 cohort. So most of the action will take place virtually with a few socially-distanced learning opportunities at Innovation Depot. The teams are set to receive 13 weeks of intensive business and leadership development, beginning Jan. 25 and concluding in April. A Digital Demo Week will replace the usual in-person Demo Day.
“Our ecosystem is maturing and growing, and so are our expectations here at The Depot,” Kellie Clark, drector of programs, said. “The entrepreneurs we selected are tenacious and committed to contributing to our ecosystem.”