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Economy

Local Startups Get Help to Accelerate Product Development

BOUNCE Innovation Hub
Bounce Innovation Hub
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BOUNCE
The logo for Bounce Innovation Hub, which is launching an accelerator program Jan. 14.

A program to help new local startups gain resources and momentum begins this Monday.

Akron’s Bounce Innovation Hub is launching a new product development accelerator, which will give five Northeast Ohio software startups workspaces, mentorship and potential funding opportunities.

The main goal of the program is to have the companies ready to launch their product at the end of the four months.

Director of the product development accelerator Ed Buchholz says the five startups are in different stages of development but are facing similar challenges.

“They all have sort of a unique challenge that a lot of Northeast Ohio startups face, and that’s refining and honing their value proposition, and really understanding what makes their product valuable to their customers," he said. "Regardless of the stage of these companies, they all view an opportunity to refine that. That’s what our accelerator is all about.”

Buchholz also said Bounce is actively recruiting startups for the second cohort later this year. The program kicks off Monday and goes through April 26.

The start-ups in the first cohort are:

  • Convos, which uses chatbots to help businesses start conversations on Facebook Leads on Messenger
  • Event Discovery Company, developer of website calendar Evitt
  • Linear Labs, a tech company that provides insight and research through artificial intelligence
  • ReqPrep, a platform that simplifies the ordering process for lab industries
  • SeeLife, which uses gaming to teach elementary school students improved emotional intelligence and mindfulness.