Market Overview

Helping Minority, Women and Veteran-led Startups Get Lean and Take Flight

Bytelion, software design firm based in MD, teams up with Select 6 to build the first crowdfunding website with a "Lean" startup accelerator and online media channel featuring minority, women and veteran-led (MWV) startups and projects. Highlighting big ideas and great projects to help entrepreneurs and innovators find their wings - 6 adventures at a time!

Baltimore, Maryland (PRWEB) November 06, 2012

Bytelion, MD-based software design firm, is helping small companies and medium-sized enterprises approach web development in a big way, while staying "Lean." Working with Select 6, the two companies have teamed up to create a new crowdfunding platform for Minority, Women and Veteran-led (MWV) startups and projects to raise money, awareness, and find Angel support for their big ideas and projects. Their aim is to launch the beta site in November.

What's unique about the Select 6 platform is that it puts the spotlight on 6 crowdfunding projects at a time instead of hosting thousands of live projects. Potential projects will apply and go through a selection process before they are featured on the site. Moreover, founders or “Pilots” of featured projects will be enlisted in the company's own S6 Startup Accelerator and online media channel to receive the full attention and support that thousands of startups compete for each year to enter programs like YCombinator and Techstars.

Crowdfunding is one of the most exciting social innovations to empower creative and socially-minded entrepreneurs in recent years, Select 6 will be the first to channel this medium to provide more resources, exposure to professional mentors, and access to institutionalized funding that many minority, women, and veterans have a hard time finding when they start a business.

Even though minority and women-led ventures statistically perform the same or better year over year when compared to all startups that are angel-funded, a staggeringly low number of angel investors and startup accelerator programs nation-wide have MWV's in mind or in their programs.

The mission of Select 6 is to help MWV-led startups create success stories in the marketplace and community; To share the education, experience and entertainment that is entrepreneurship & innovation with the public; To create sound investments in promising startups that can scale and expand.

Howard Cheng, founder and Chief Entrepreneur of Select 6, is emphatic about one thing: "We want to help MWV entrepreneurs and innovators find their wings and take flight with the help of diverse communities because we believe in their potential and tenacity. Entrepreneurship and innovation are key engines of economic and community growth, and Select 6 is our solution to addressing a national concern of creating value and jobs in the marketplace."

Bytelion's CEO, Terrance McGregor shares: “We are excited to work with Select 6 to develop such a meaningful platform for MWVs. We will continue to serve as a resource for Select 6 and S6 Pilots to get lean in their web development and startup approach. Staying lean and agile is the only way to go for SMEs because we can't anticipate and predict everything, but we help clients get from idea to product faster with daily incremental improvements and updates that they can track and control. Time after time, we see that going lean speeds up the development process and keeps costs under control.”

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/11/prweb10097053.htm

 

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