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First Sputnik ATX Cohort to Graduate This WeekSputnik ATX, a new Austin accelerator focusing on growth companies, today announced that its inaugural class is graduating from its launch program. The graduating class will participate in a Demo Day tomorrow, Thursday, April 12, where each founder will present to a panel of investors. "We have spent the past three months working closely with our first class, fostering camaraderie amongst our founders and training each startup for success after graduation," said Oksana Malysheva, CEO and Managing Partner of Sputnik ATX. "Sputnik's inaugural cohort has already set a very high standard for our future classes, and has laid the foundation of our Sputnik community of founders. We are confident they will continue to grow their businesses as they launch into the future." In conjunction with Demo Day, Sputnik ATX will open the application for its summer cohort tomorrow. All entrepreneurs are eligible to apply so long as they have a minimum viable product, at least one paying customer and agree to move their business within a 300-mile radius of Austin once accepted, if not already located there. "We have a partnership mentality at Sputnik ATX," said Joe Merrill, co-founder of Sputnik ATX. "We pride ourselves on becoming both companions and mentors to our founders, helping them gain traction and reach their full potential. We are thrilled with the progress of our first cohort and look forward to partnering with other innovators as our program grows." The four founders presenting on Demo Day include:
About Sputnik ATX Sputnik ATX is an accelerator in Austin, TX that combines capital with training and experience to prepare seed-stage businesses for future rounds of funding. Their formula: (Nerds + Investment + Training + Mentoring) Community = Success Sputnik ATX was named after the first satellite to enter Earth's orbit, an event that touched off a new era of innovation and competition that still influences the world today. The Russian word 'Sputnik' translates to 'partner,' which describes this accelerator's intention: to partner with and mentor chosen startups. The accelerator was born out of a venture fund founded by Dr. Oksana Malysheva and Joe Merrill. After investing in companies around the world, the entrepreneurial atmosphere of Austin inspired Malysheva and Merrill to consider the city as a new home for their efforts. Sputnik ATX launched on Oct. 4, 2017, the 60th anniversary of the Sputnik-1 satellite launch.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180411005371/en/ |