(Note: This is a reprint of a press announcement from Blue Startups.)
Blue Startups, a new startup accelerator founded by Henk Rogers of Blue Planet Software (sole agent of Tetris®), is extending its application deadline for its first cohort of startup companies to Thursday, January 31, 2013.
Blue Startups is recruiting capital-efficient and scalable-technology companies, including Internet, software, mobile, gaming and e-commerce. The program is also targeting companies that focus on Asia. For more information, visit: http://www.bluestartups.com.
Blue Startups just unveiled its new office space, called the “Sky Box” at Harbor Court, 55 Merchant St. in downtown Honolulu.
Companies entering the Blue Startups program receive $20,000 as an up-front investment, and access to more than $100,000 in in-kind services. The program will allow a company to access the resources needed to move to the next level. Workspace for the founding team (up to three people) will be provided at the “Sky Box.” In exchange for capital and in-kind services, Blue Startups will take an equity stake in each company.
Blue Startups aims to become a nexus of entrepreneurial activity not only in Hawaii, but also between Asia and the Continental U.S. Key relationships to this strategy include: 500 Startups (a seed fund and venture accelerator with Silicon Valley roots and a global footprint), Nest GSV (international business accelerator in Silicon Valley), East-West Center, and Japan America Institute of Management Science.
A network of more than 50 mentors has been developed by Blue Startups reaching from China and Japan to Silicon Valley. The interaction of mentors with teams will assist in developing Hawaii as a node of entrepreneurship by bringing in expertise, capital and other resources from across the Pacific.
Local sponsors and partners include Hawaii Angels, The Box Jelly, Hawaii Renewable Energy Development Venture, Startup Weekend Honolulu, and Hastings & Pleadwell: A Communication Company.