Product development investment that takes great teams to scale.
Applications are now closed.
Thanks to all the companies who sent materials in! We'll be following up with applicants over the next few weeks, and will be announcing the selected company or companies in October.
SmartVentures is a new program designed to provide an alternative path to scale for startups. The SmartVentures program will provide selected companies with $400K of product development and mentorship to help them take their product to scale.
Who should apply?
Strong candidates for the SmartVentures program are teams for whom product development and engineering is the most important next step; companies should be past initial market validation and prototyping, ready to grow beyond an MVP.
Applicants must be US-based corporations, with full-time team members and market validation in the form of revenue or user adoption, and must be located in or be willing to relocate to Baltimore City.
What to Expect
Applications will be accepted June 10th through August 15th 2019, with reviews taking place on a rolling basis starting on June 30th. The selection committee will review finalists through a series of phone and in-person interviews. Companies selected for the first round of the SmartVentures program will be announced no later than October 2019.
The program will run as a 6-18 month intensive partnership with the selected company/companies, with a goal of getting the company/companies to their next big growth benchmark, such as hiring a full-time tech team or raising a new round of funding.
About the Organizers
The SmartVentures project is run by SmartLogic, a Baltimore-based consulting company that has been building custom web and mobile software applications since 2005. SmartLogic has built over 150 custom applications for enterprises and startups alike, including OrderUp (acquired by Groupon), GiveCorps (acquired by Network for Good), and RedOwl Analytics (acquired by Raytheon).
News and Press
- PR Newswire: SmartLogic Announces $400K Software Development Investment Program for Startups
- Technical.ly Baltimore: SmartLogic is making a dev investment to help a Baltimore startup scale
- The Daily Record: SmartLogic offering startups resources beyond funding
- Baltimore Business Journal: Software firm SmartLogic looks to invest in, mentor growing Baltimore startups
- Johns Hopkins Technology Ventures: Yair Flicker and Margaret Roth: Why We’re Launching a Venture Program to Grow Startups in Baltimore
- LinkedIn Pulse: Why I’m putting $400k into a Baltimore company