The Heritage Group’s New Ventures Group today announced The Heritage Group Accelerator Powered by Techstars – a vehicle for mentoring and developing early-stage companies at THG’s corporate research and innovation facility in Indianapolis.
The Heritage Group Accelerator will join Techstars’ family of forty-plus similarly organized accelerators around the world – each based on a different business theme or vertical market.
This level of scale will introduce the Indianapolis entrepreneurial ecosystem to hundreds of startups, venture capitalists and mentors from the global innovation community.
Each year, the Heritage Group Accelerator will select a group of 10 startup companies from what is expected to be hundreds of applicants from around the world — including the most promising local and regional early-stage ventures.
The startups will gather in Indianapolis for an intensive three-month program of research and development, mentorship and collaboration at The Center – THG’s incubation environment.
Led by a Techstars Managing Director and staff and augmented by THG New Ventures personnel, the experience will culminate in a Demo Day wherein every company will pitch its new business to an audience of venture capitalists, corporate innovation leaders and industry experts.
Applications will open in early 2019, with a focus on companies innovating in the materials science, environmental services and specialty chemicals fields.
Each accepted startup will receive an equity investment of $120k and access to the Techstars global network of financial, managerial and technical experts.
The Accelerator will be funded completely through the THG New Ventures Group, with no reliance on public financing or governmental grants.