Sync Space announces $50,000 Restart Accelerator program
From staff reports
Apr 26, 2020 at 10:00 PM
KINGSPORT — Sync Space Entrepreneur Center and TSG Innovation Group, with support from Activated Capital, has announced launching the Restart Accelerator, a $50,000 innovation program to help small businesses recover from the COVID-19 pandemic.
The program will identify, promote and nurture companies with technology, products and services that will overcome the challenges in the new economy and help implement solutions for struggling businesses in our region.
“We are very proud of our regional leadership and the ongoing efforts to help our small business community including Region Ahead and the Local Business Recovery Fund,” said Heath Guinn, president of Sync Space. “Entrepreneurs are inventive by nature and always find ways to innovate in times of uncertainty. This restart program is designed to automate those innovative solutions as we look forward and begin restarting the regional economy.”
Many operational workflows have already evolved during the shutdown including many businesses adding delivery and curbside services or adjusting office workflow to online video conferencing. These solutions will impact the way business and customer service are conducted into the future.
“These shifts will not simply disappear once things return to the new normal. Through the Restart Accelerator, we are looking to accelerate the growth of innovative companies who have solutions that can immediately be implemented to help our small businesses adjust to the new economic environment,” said Dave Clark, CEO of TSG Innovation Group.
Sync Space Entrepreneur Center will coordinate with state and local governments to facilitate support and coordinate with TSG Innovation Group in operating the Restart Accelerator Program.
Restart Accelerator is receiving financial support from Activated Capital, a private investment fund, and the public sector through Sync Space. The objective is to continue to acquire private sector support for the program and investment in scalable companies identified by the program.
“At Activated Capital, we are very encouraged by what we see throughout the region and are proud to support the Restart Accelerator initiative during this time of economic recovery,” said Josh Burrell, managing partner at Activated Capital.
Companies are encouraged to apply for the acceleration program at RestartOurRegion.com.
The Restart Accelerator program starts in early May.