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8 Cos. Chosen for Project Skyway's Inaugural Class

Seven Minnesota companies and one New York company have been chosen to take part in Project Skyway's inaugural program, which starts later this summer.

Minneapolis-based tech accelerator Project Skyway announced Monday that eight companies have been chosen to participate in its inaugural three-month cycle beginning on August 1.

The eight companies-seven from Minnesota and one from New York-were chosen from a pool of 25 early-stage tech companies that participated in Project Skyway's boot camp earlier this month at CoCo's downtown St. Paul location.

CoCo is a co-working firm that offers alternative office space to freelance professionals, small businesses, and corporate work groups. Last month, Project Skyway announced that it had partnered with CoCo to open an innovation center in Minneapolis.

The eight companies will work out of the innovation center, which is located in the Minneapolis Grain Exchange building. In addition to the office space, the companies will each receive at least $6,000 in seed funding, mentorship, dedicated software development, other resources, and connections to area entrepreneurs, investors, and Fortune 500 executives.

"We were so thoroughly impressed by the passion and drive all our campers demonstrated throughout the [boot camp] weekend," Cem Erdem, founder of Project Skyway, said in a statement. "However, I am confident the final companies we selected represent the values and principles we outlined when we started Project Skyway last October."

Here's a look at the eight companies that were selected, along with a brief description of what each does:

Cor2 Technology (White Bear Lake)-offers a cloud-based business process and work-flow automation service to help organizations of various sizes eliminate piles of paper by integrating its simple applications with unlimited user licenses that power the whole organization.

Naiku (Inver Grove Heights)-creates an affordable software-as-a-service tool that K-12 teachers use to easily individualize learning with a dashboard created by its proprietary analytics model.

Nitch (Minneapolis)-provides an online platform for business-to-business collaboration and commerce.

Paypongo (Golden Valley)-offers a secure mobile payment solution that allows consumer-to-merchant transactions; consumer-to-consumer transactions; and merchant-to-merchant transactions-all through mobile devices. Transactions can originate from bank accounts or credit cards.

Qualtrx (Minneapolis)-an online solutions marketplace where health care providers publish patient care needs, goals, and priorities and where pharmaceutical and medical device vendors purchase these needs as "keywords" to make targeted needs-based proposals via the Qualtrx platform.

Telemetry Web (Apple Valley)-helps makers of Internet-connected sensors and industrial devices build a new class of innovative, data-centric solutions by leveraging its ready-to-use, scalable software-as-a-service platform to secure, store, process, and integrate sensor data in novel ways.

Uhungry (Ocean Side, New York)-developing a social networking site to help college students save money and time by making it easy for them to place orders online at quick-serve restaurants with a group of friends while completing tasks in order to earn points that can be spent on future orders.

Vanquish AP (Minneapolis)-developing a real estate management platform that connects property managers, building owners, and tenants by creating local social communities while automating redundant tasks and centralizing logistics.

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