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New Mentor-Driven, Mentor-Funded Tech Incubator Program Focused on NFC Startups

Accelerate NFC

Accelerate NFC

OTA Ventures announced today that its new AccelerateNFC incubator program will exhibit next week in San Francisco, at the NFC Solutions Summit 2013 presented by the Smart Card Alliance and NFC Forum.

The AccelerateNFC incubator program is designed to nurture, mentor, advise and help fund NFC-based start-up companies to fill the void in technological and application development that will enable and support businesses to drive the growth and adoption of near field communication (NFC). Robert P. Sabella, co-founder and mentor of the AccelerateNFC program along with other mentors, will be attending and exhibiting at this year’s NFC Solutions Summit.
According to Sabella, “The Smart Card Alliance and NFC Forum are two of the strongest advocates and drivers of NFC adoption. The annual NFC Solutions Summit is the premiere showcase of leaders in the NFC value chain and ecosystem. While we continue to see growth in the adoption of NFC, we find there is no support system for less experienced entrepreneurs in the industry. AccelerateNFC is poised to provide this support system and welcomes participation from the thought leaders who will be at the Summit.”

Randy Vanderhoof , executive director of The Smart Card Alliance, added, “We are happy to welcome the AccelerateNFC incubator to the show this year and are very supportive of what they are doing. There is a real need for continued awareness and innovation in order to drive NFC adoption and this program answers that need.”

The AccelerateNFC program will begin taking applications immediately, with up to five selected participants announced October 15. Then beginning November 1, participants will begin a 12-week, intensive program that delivers mentors’ deep collective expertise in go-to-market strategy, product development, distribution and fundraising, all of which can help rocket a company into the national marketplace. The inaugural program will culminate in a showcase and product launch at Austin’s South by Southwest event in March 2014.

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