Shotput Ventures Launches Startup Program in Atlanta
By Anna Johnson on April 3rd, 2009A group of Atlanta tech entrepreneurs have started Shotput Ventures to attract and keep startup companies in the south east of the United States.
Shotput Ventures will choose 8-10 ‘capital light’ startups and give them up to $25,000 each ($5,000 per team and $5,000 per startup) in return for a 5-10 percent equity stake.
The program will involve Shotput Ventures mentoring each team as it produces its core product. At the end of the program, Shotput Ventures will further fund some of the companies or help them raise more capital.
Applications are now open, and will close on April 10, 2009. You can apply here: Shotput Ventures.
Source: Erick Schonfeld, “Atlanta Gets Its Own Y Combinator In Shotput Ventures,” TechCrunch, March 25, 2009
