Henk Rogers has launched a new Hawaii-based venture accelerator called Blue Startups focusing on capital-efficient and scalable-technology companies, including Internet, software, mobile, gaming and e-commerce. They are also interested in tech companies selling into Asian markets.
I’m excited to see Henk and friends making this sort of investment in our innovation economy. I hope they are able to nurture some winners!
This is the announcement sent to us by Blue Startups Managing Director Chenoa Farnsworth:
Blue Startups is Accepting Applicants for its Spring 2013 Cohort
Blue Startups, a new venture accelerator located in Honolulu, Hawaii, is
accepting applications for its Spring 2013 cohort of startup companies. Blue
Startups was founded by Henk Rogers of Blue Planet Software (sole agent of
Tetris®) and has received funding from the State of Hawaii. The Spring 2013
program will run from February 8-May 9, 2013. Demo Day is scheduled for
May 10, 2013 and will feature Brad Feld Co-Founder of Foundry Group and
Blue Startups is targeting capital-efficient and scalable-technology companies,
including Internet, software, mobile, gaming and e-commerce. The program
is also recruiting companies that focus on Asia. A network of more than 50
mentors has been developed by Blue Startups reaching from China and Japan to
Silicon Valley. Our premise is that people make innovation happen, that growth
follows effective execution, and that sustained success requires access to global
Companies entering the Blue Startups program will receive $20,000 as an
up-front investment, and access to more than $100,000 in in-kind services
. Workspace for the founding team (up to three people) will also be provided
at Blue Startups offices in Downtown Honolulu. Blue Startups is a prospective
member of the Global Accelerator Network (GAN), which provides extensive
resources to a network of more than 50 accelerators globally. In exchange for
the capital and in-kind services provided, Blue Startups will take an equity stake
in each company.