Washington Technology Industry Association (WTIA) announced the 22 tech startups that have been selected for the organization’s recurring Founder Cohort Program on Thursday.
Part of WTIA’s Startup Program, the virtual Founder Cohort supports seed-stage startups and helps them develop their venture-scale companies over the course of six months. Each company must be headquartered in Washington, have at least one product in development, have an annual revenue of less than $1 million, and made it through WTIA’s application process.
The program is led by a committee of seasoned tech founders and entrepreneurs, including Dave Parker of Seven Peaks Ventures, Susan Preston of SeaChange Fund, and Leslie Feinzaig of Female Founders Alliance & Venture Kits. Each company gets support and guidance through the crucial stages of fundraising, corporate governance and customer development.
“Launching a startup can be a lonely journey, but it doesn’t have to be,” Parker, the board chair for WTIA’s Startup Program, said in a news release. “Speed matters and navigating the ecosystem in six months vs 12-24 months is important when you have limited resources. Connecting to relevant people usually doesn’t happen organically. So, we’ve gathered the relevant resources and experts that founders need to connect to that community and support them on their journey.”
The Founder Cohort is sponsored by Wilson Sonsini; Fenwick & West; NowCFO; Seed Intellectual Property; Pike Place Partners of Morgan Stanley; Clark Nuber; and Madrona Venture Group.
WTIA is a nonprofit organization dedicated to building a strong, sustainable technology sector. On Wednesday, WTIA launched a market accelerator program for Canadian AR and VR startups looking to expand into the U.S. market.
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News – WTIA names 22 Washington tech startups selected for latest Founder Cohort Program