A total of eleven startups are now participating in the region’s largest mentoring accelerator which is now in its second year of operation.
Three out of five ventures to pitch Valley Venture Mentors have been accepted into the six-month program which recently added separate tracks to handle the rising number of new and mature startups seeking services from the organization.
PeopleHedge, based in Boston, MA and Chicago, IL, was represented by co-founder Damon Magnuski. The company simplifies the process of managing currency risk by allowing customers to select an exchange date, a currency pair, and a protection amount.
InsideOut Solar was represented by co-founder Gregory Margolis. The company was formed by three Mechanical Engineering students at the University of Massachusetts, Amherst. They have designed, built, and are testing a solar space-heating panel that slides easily into a standard home window, similar to an A/C unit.
Tinville (The Industry Network Village), based in Woburn, MA, and pitched by founder Disraeli Abreu, intends to become the premier fashion marketplace for start-up and established independent designers. Tinville aims to create an interactive ecommerce site where each designer can host his or her own boutique. All users of Tinville.com will create a custom account on the site; however, fans of the label will have the opportunity to follow, shop, and receive notifications from their favorite independent designers’ stores.
The startups have been accepted into VVM with the expectation that they will successfully complete the accelerator track in six months and graduate to the mentor track which was recently added to accommodate the rising number of mature ventures who still desire support and mentoring assistance.
Photo Caption: Damon Magnuski, co-founder of PeopleHedge, was one of three startups to successfully pitch for acceptance into Valley Venture Mentors. PeopleHedge, which will allow customers to easily lock in foreign exchange rates into the future via the web, joins Tinville, an online marketplace for indie designers, and InsideOut Solar, who has designed, built and is now testing a solar heating unit that fits into a home window and eight other ventures participating in the mentoring accelerator.