Nashville: A Tech Start Up Lauch Pad

Dated: 04/17/2013

Views: 1068

by T.J. Anderson

Nashville is the seventh fastest growing city in America. Tennessee is the fourth best state for business. And there's a high percentage of young people who live here. These are just a few of the reasons that Nashville is being called an it city for those looking to get a technology startup going. Who says so? Jumpstart Foundry (JSF). Never heard of it? Based in Nashville, it's a 14-week, mentor-driven business acceleration program that's been fast-tracking the growth of tech-oriented startup businesses since 2010.

Give your start-up an unfair advantage is their motto—and for good reason. Companies in the Jumpstart program receive $15,000 in seed funding, in addition to gobs and gobs of training and personal mentorship from industry leaders over 14-weeks, during which companies will work 12-15 hours/day for six days per week—totaling 18 months of accelerated business progress in approximately three months.

The JSF website explains, We’ve proven that [$15,000] is plenty of money to survive for three months and to crank out a substantial prototype so you can get to the next level. You also get a nice workspace, legal services and all the perks of the Global Accelerator Network and F6S—totaling somewhere around $500K in potential benefits. Finally, you’ll receive immeasurable value in the connections and advice that you’ll receive when you start your company with Jumpstart Foundry, and also in the opportunity to pitch to angel investors and venture capitalists in small groups throughout the program and in grand fashion at the end of the program during our Investor Day showcase (attended by 400-500 angels and VCs).

Nashville

Here's what the 14-week program looks like:

Week 1: Who is the Customer, and why do they need you?
Week 2: Rapid Market Validation and Prototyping (SquaredCircle)
Week 3: Roadmap for Customer Development
Week 4: Being Data Driven – Know your business drivers, Stay Honest and Transparent
Week 5: Building the A-Team – Key Roles, Advisory Boards, Mentors
Week 6: The Customer’s Solution – Product Vision and Design Focus
Week 7: Competition (Analysis / Five Forces) / Differentiation (Being Novel) / IP
Week 8: Getting to the Market – Distribution, Message, Audience
Week 9: Pricing and Packaging
Week 10: Customer Pilots – Securing Commitments to Use / Purchase
Week 11: Projecting Sales – Building a Pipeline
Week 12: The Financial and Operational Plan – Assumptions, Cash Flow, P&L
Week 13: The Art and Science Of Pitching, Angel Financing and Term Sheets
Week 14: Refining the Message & Launch Plan

Blog author image

TJ Anderson

TJ Anderson is a Nashville Realtor with Benchmark Realty who's helped countless clients both buy a home and sell a home in Nashville, Tennessee. He blogs about Nashville regularly, from Nashville-area....

Latest Blog Posts

Dashwood Vintage And Flora Is A New Nashville Favorite For Vintage Furniture And Handcrafted Home De

by TJ AndersonI’m forever on the lookout for places to buy vintage furniture in Nashville. I’m also forever on the lookout for places to buy unique, handmade home decor.So, when Dashwood&

Read More

Celebrate Pups And Pints At Richland Park In Nashville

by TJ AndersonThis month we marked two years since we brought home our rescue pup, Lucy Palmer. In October, I celebrate our rescue dog; all months, I celebrate pet rescue in general.If you’re

Read More

First Nashville Design Week Event Coming In November 2018

by TJ AndersonHome design is my particular passion, but I’m inspired by all kinds of visual art forms, from mural-making to graphic design. And in a creatively focused city like Nashville,

Read More

Pumpkin Carving Patterns And Inspiration For Nashville Neighbors

by TJ AndersonWhen you have a little one in your Nashville home, the idea of skipping the pumpkin carving around this time of year is a little bit… nope. Luckily, I enjoy the process — it’s a

Read More