Silicon Valley expertise accelerates ErieID plans
The Erie Innovation District LLC (Erie ID) and Singularity University have joined forces to run a 10-week accelerator program designed to help entrepreneurs turn their business ideas into successful startup businesses.
We’re excited about the outcomes of this relationship as we seek to create breakthrough solutions and generate the next generation of jobs in the Erie community,” said ErieID President and CEO Karl Sanchack. “We look forward to elevating Erie into a cyber and data services hub.”
Singularity University, a global technology thought leader based in Silicon Valley, California, will be engaged through all the steps of recruiting, launching, teaching and enhancing the startups involved in this new program. Mentoring services will draw upon local talent from organizations like Ben Franklin Technology Partners, but will also include weekly engagement by seasoned Singularity leaders from nearby Columbus, Ohio.
Startups invited to participate in the accelerator will be housed at the Erie Innovation District headquarters at 717 State Street during the program, which is expected to run from June through August. The cohort of startups will benefit from colocation there with leaders and innovators employed by Erie Insurance. They will also receive a full suite of local software, development and cloud publishing capabilities designed as part of the Innovation District’s collaboration with Dell EMC, which began in October 2017.
The agreement between Mercyhurst and Singularity was signed last week, and design and marketing for the accelerator are now underway. A call for applicants will be issued within a few weeks. Additional information and application instructions will be available soon at erieinnovationdistrict.com.
"Singularity University is excited to be working with the Erie Innovation District to drive a new accelerator in such important areas as data and security. Exponential technologies such as artificial intelligence along with the proliferation of connected sensors and feedback devices rapidly accelerate the advancements we can achieve in these areas and have a profound positive impact on our lives and prosperity," said Benjamin King, Sr. Director, Corporate Innovation.
“Given the reputation and incubation capability of Singularity University, we place ourselves in the enviable position of creating an entirely new level of innovation and entrepreneurship in the City of Erie,” said Sanchack. “This is a critical step in building recognition on a national and international stage as the destination city of choice for data science, safety and (cyber) security.”