The 2019 “Greenlight Maine Collegiate Problem” winner is about to start off the future chapter of its startup journey as a single of six selected members in a new sports activities and health and fitness tech accelerator application.
KinoTek Inc., a Portland-dependent developer of a digital wellbeing platform that employs laptop or computer-vision technology for system-movement assessment, is the only New England member of the program’s inaugural class.
The Direct Lake Nona Sports activities & Well being Tech Accelerator, as the Orlando, Fla.-based software is officially identified, been given 442 applications from 42 countries before deciding on 6 to take to the subsequent level. That involves $75,000 in pre-seed funding awarded to every single participant together with an 8% fairness stake.
“For this cohort, we sourced the absolute greatest in this industry — planet-course, hungry entrepreneurs with options that are really slicing-edge,” reported Christoph Sonnen, co-founder and CEO of Lead, in a information launch. “It is a fantastic blend of sports activities tech as properly as wellness and well-remaining, two places that attained substantial importance in mild of the pandemic and have been incorporated in our firm’s DNA even prior to that.
“As we commence our journey in Lake Nona jointly with the the assist of our associates, we count on to see these founders purpose large and grow at a really accelerated rate.”
The six-thirty day period method started pretty much previously this thirty day period, but as of early 2021 will host the selected startups at its on-site small business incubator at Lake Nona, Fla.
Justin Hafner, KinoTek’s CEO and co-founder, strategies to head to Florida in early November and be there by way of early May. He explained to Mainebiz that the system sets up contributors for a substantial funding round and with mentors and contacts from best providers.
“I am going to be able to have environment-class mentors unique to my industry, people today who have performed it before, and which is fairly invaluable for me,” he said in a Thursday phone interview.
Hafner said the opportunity arrives just after KinoTek shifted its focus on marketplace in the course of the pandemic from specialist athletics to so-called movement clinicians, and stated the software will help it make strategic partnerships to choose its innovation to the up coming degree. He also stated the $75,000 strengthen positions his firm for further fundraising at the finish of the software.
“I am enthusiastic to see the upcoming evolution of KinoTek as we get started to assume about constructing a countrywide model,” he added. He will share extra about KinoTek’s startup journey in a virtual talk in December for Startup Maine’s new “Business people & Ecocystem Builders Speaker Series.”
KinoTek, which signed a $100,000 strategic deal in March with Microsoft Corp. in March through the remarkably selective Microsoft For Startups accelerator program, employs six people today entire-time, together with Hafner.
Other participants in the Florida accelerator application are from Los Angeles Florida (Lake Nona and Fort Lauderdale) Toronto and New York Metropolis.