NEW YORK, March 12, 2019 /PRNewswire/ -- BROADWAY TECH ACCELERATOR/BROADWAY TECH is a new start-up accelerator venture established by The Shubert Organization, Exponential Creativity Ventures and IT Mentors.
BROADWAY TECH is designed as an incubator to foster emerging entrepreneurs in the creation of companies that can thrive and grow in today's live entertainment sector. The goal is to open a door into an environment where innovative entrepreneurs can access the tools they need to fast-track their early-stage technology businesses.
BROADWAY TECH will work with founders to enhance, refine and accelerate their progress in infrastructure, product development, market fit, customer/client acquisition, scalability, profitability, as well as providing strategies to attract follow-on capital infusion.
BROADWAY TECH combines the theatre business experience of Broadway's Shubert Organization with the capital investment abilities of Exponential Creativity Ventures and the unique technology development and training assets of IT Mentors.
BROADWAY TECH ACCELERATOR will launch the first cohort in May, 2019. Four of the most promising participants will be chosen from the pool of applicants. BROADWAY TECH is structured to make a cash investment in each company, providing infrastructure and in-kind support, in exchange for an equity stake in the business. Additionally, BROADWAY TECH has developed a three-month curriculum and mentorship program for participants aimed at five main goals:
- Hone the product and market fit.
- Refine the brand.
- Develop a network for fundraising and client acquisition.
- Create a real-world pilot program developed in a Broadway sandbox environment, working within the professional theatre industry, exploring marketing database and technology systems.
- Develop an effective pitch to market the product.
The Application Submission Period for the first cohort will be open on April 1, 2019. For more information about BROADWAY TECH ACCELERATOR, please visit www.techaccelerator.broadway.
Broadway Tech Accelerator contacts:
Director of Digital Projects
The Shubert Organization
Founder and CEO
Exponential Creativity Ventures
Founder and CEO
BROADWAY TECH ACCELERATOR
The Shubert Organization owns and operates 17 Broadway theatres and six Off-Broadway venues. Under the leadership of Philip J. Smith, Chairman/Co-CEO and Robert E. Wankel, President/Co-CEO, the company has produced and co-produced hundreds of plays and musicals, including the currently running hits, 'Dear Evan Hansen' and 'The Band's Visit.' Shubert Ticketing operates Telecharge.com, a leading provider of ticketing services on Broadway and in entertainment markets nationally. The Shubert Organization has been in the forefront of the American Theatre for more than a century. For more information visit shubert.nyc
Exponential Creativity Ventures (ECV) is an evergreen fund investing in startups that invent technology to maximize humanity's creative potential. ECV sees a historical moment for value creation in human-centered creativity platforms. The firm is a spinoff from Fractured Atlas, a social enterprise SaaS platform profitably serving 1.5 million artists across North America, giving it a unique lens on this market and an extraordinary network for deal flow. ECV is currently exploring partnership opportunities with a network of leading institutions in the various industries where it invests. For more information visit www.exponentialcreativity.vc
IT Mentors works to develop and deliver technical training and architecture solutions of every scale imaginable to financial, technology and entertainment giants worldwide. Using their customized experiential training model. IT Mentors places human ingenuity at the center led by their mission of Mind over Software. Collaboration and iterative problem solving guides students and organizations through end-to-end technology projects, helping them learn how to become successful team members as technology platforms rapidly evolve. For more information visit itmentors.com
SOURCE Shubert Organization, Inc.