PALO ALTO, Calif., June 22, 2017 /PRNewswire/ -- We are excited to announce that the ITRP Institute has been accepted to the 6-month program of Alchemist Accelerator. This represents a huge opportunity for ITRP, as the Alchemist Accelerator is the top program for enterprise SaaS startups.
In 2016 Alchemist reached the number 1 spot in a ranking by Samir Kaji, a managing director at First Republic Bank who previously worked at Silicon Valley Bank. Startups that go through the San Francisco Bay Area accelerator raise a median of $8.1 million.
Some of the backers of the Alchemist Accelerator are Cisco Systems, Draper Fisher Jurvetson, Foundation Capital, Mayfield, Khosla Ventures, Salesforce.com, Sapphire Ventures, Siemens, Tyco, and US Venture Partners.
By joining Alchemist, the ITRP Institute has access to a large network of high-caliber experts and coaches who are able to guide its founders through the rapid growth phase that the company has entered.
"These are exciting times for us," says Cor Winkler Prins, CEO of the ITRP Institute. "We are surrounding ourselves with the best talent to prepare for the next phase of our expansion. It is an honor to have been offered this opportunity."
By joining the Alchemist Accelerator program, the ITRP Institute also gets access to some of the world's largest enterprises and top-tier venture capitalists to help prepare the company for massive growth.
The ITRP Institute is the provider of ITRP, a SaaS service management solution that allows large enterprises to collaborate seamlessly with their managed service providers, while gaining real-time insight into the level of service they receive. Founded in 2010, the ITRP Institute is headquartered in Palo Alto, California. For more information visit: www.itrp.com.
About the Alchemist Accelerator
The Alchemist Accelerator is a venture-backed initiative focused on accelerating the development of seed-stage ventures that monetize from enterprises (not consumers). The accelerator's primary screening criteria is on teams, with primacy placed on having distinctive technical co-founders.
The accelerator seeds around 60 enterprise-monetizing ventures per year. Over 50% close institutional rounds within 12 months of their Alchemist Demo Day. For more information visit: www.alchemistaccelerator.com.
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SOURCE ITRP Institute