Momentum from the Bridge Community’s first cohort of 10 startups and 5 corporations is still snowballing. In 2016, 9 pilots and proof-of-concepts were created over seven months and participating startups collectively hired 32 new employees, experienced an average increase of 150% in month over month revenue, and raised $2.9M in VC funding.
Now we are back for round two and aiming even higher! The plan is to triple the number of participating startups to 30 and expand our corporate innovators list too. Porsche Financial Services has already been added to the killer corporate lineup from last year including: Coca-Cola, COX Enterprises, InterContinental Hotels Group, The Weather Company, and Capgemini. Expect more to be announced soon.
2017’s three verticals of focus are FinTech, Consumer Engagement, and IoT startups. We’re looking for 10 cream of the crop startups in each industry to take part.
The upcoming cohort will gain access to large corporations motivated to run pilots and enter licensing agreements during the program. From April-Oct 2017, the Bridge Community program will engineer and accelerate startup and corporate relationships with the singular focus to help startups find the right customer inside the walls of large corporations and get a deal done.
Startups receive world-class enterprise sales, marketing, and negotiations training to understand corporate innovation needs and hone offerings, while corporations are coached on minimizing roadblocks to streamline pilots and simplify contracts. This educational programming is followed by targeted introductions and relationship mediation to solidify a deal and launch pilots a’ plenty.
We are keeping things simple for the startups, because If it ain’t broke, don’t fix it (said in a southern drawl). The program only requires a commitment of 2 hours per week from one person on the startup team. No equity or IP taken or cash given to startups.
Do you know any early-stage, scale, or growth stage startups looking for large enterprise customers? Shoot referrals to our Managing Director, Carie Davis at Carie@bridgecommunity.com and find the application (due March 28th) on f6s: https://www.f6s.com/atlantabridgecommunity2017