Review on Innova Memphis by Olugbenga Ajayi
Innova Memphis is focused on many tech areas
Innova Memphis is an accelerator company based in Memphis, United States of America. It was founded in 2007 and currently, the company is headed by Ken Woody as its pits president. The company is opened to different technical areas like biosciences, agricultural tech, artificial intelligence, supply chain and many more.
From the application page it is obvious that innova Memphis is opened to different levels of startups starting with companies that only have idea and nothing more, prototype, development stage, Beta, early stage(those that already kicked off that need support and resources), sales growth(those that want improvement in sales and innovation). All of these are considered, hence even new school graduates with considerable idea can become somebody through this programme.
However, the company is more dependent on external investors as can be read on their site. For instance out of the $122M that has b3n spent so far, $90M came from external investors. Be that as it may, the company is very actively impacting lives and changing economy.
Pros
- This accelerator company is opened to all levels of startups from idea stage to sales growth
- It is focused on tech areas
- It is impacting individual lives through job creation and business funding and affecting state economy through entrepreneur development
- Application procedure is simple though selection could be tough
Cons
- It is dependent majorly on external investors
