Accelerators

New York’s Tech Accelerator Boom Has Other Cities Running Scared

panda parking New Yorks Tech Accelerator Boom Has Other Cities Running Scared

Image via Barbara Haddock Taylor, Baltimore Sun

Here’s a little anecdote to get the day started. Some dudes in Balitmore with a parking app and a panda for their mascot totally left that town and headed to the Big Apple when they landed a spot in the innagural ER Accelerator.

For anyone who’s been paying attention, New York is throwing a sort of start-up summer camp this year, with half a dozen accelerators and incubators putting young start-ups through the paces. The L.A. Times, which doesn’t even mention ER by name, seems blown away by the idea of a company getting $25,000 and a spot in Times Square.

“Baltimore might have had its own private accelerator in place this summer — Miller and Zilberbaum applied for it — but organizers couldn’t pull together the necessary funding,” that article intones.

In the last year three accelerator programs, Entrepreneurs Roundtable, DreamIt and Techstars, which was ranked as the #1 program in the nation by the Kauffman foundation, have all launched in NYC. HackNY, Big Apps and Founder Labs are also in the mix. The result is a critical mass where start-ups are drawn to the city even when they fail to win a coveted spot, knowing that a new opportunity might open up soon.

Feeling confused? Not to worry, Betabeat has created a handy guide to picking the right accelerator for your start-up.

Of course, Panda Parking might be equally interested in New York’s other natural resource, tons and tons of cars, very limited space and alternate side rules that can only be deciphered by a smartphone.

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