An Alpharetta small business incubator, backed by a $10 million accelerator fund, aims to grow the next generation of companies. Alpharetta Accelerator (AA) hopes to attract capital light software startups, medical device/services firms and green tech companies… Alpharetta Accelerator launches on the heels of a similar venture launched by Georgia Tech. The Georgia Tech “accelerator” program, held twice a year, would invest up to $25,000 in each of the 12 to 20 startups and help them develop into a “fundable” businesses. Flashpoint Investments LLC, a new entity managed by angel investing institution and Imlay President Sig Mosley, will invest an up to $500,000 fund in the selected startups. Both Flashpoint and now Alpharetta Accelerator aim to address a major issue facing Atlanta’s startup community — a lack of early stage, local capital. The region has lost promising entrepreneurs and companies after outside capital lured them elsewhere.
August 11, 2011 By Leave a Comment