Project Skyway Names 24 Finalists, 20 From MN

The Minneapolis tech accelerator has named 24 finalists that will compete for a chance to participate in the organization's three-month program, which starts in August.

Project Skyway announced the 24 early-stage tech companies that will compete to take part in the Minneapolis-based tech accelerator's inaugural program starting later this summer.

Twenty of the 24 finalists are Minnesota companies, two are from California, one is from Iowa, and one is from New York. Click here to see a list of all the finalists.

The finalists will participate in Project Skyway's boot camp this weekend 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.

Up to 10 of the 24 finalists will be chosen to participate in the first cycle of the program, which begins August 1. Those chosen will each receive at least $6,000 in seed funding, mentorship, space, dedicated software development, other resources, and connections to area entrepreneurs, investors, and Fortune 500 executives.

Last month, Project Skyway announced that it had partnered with CoCo to open an innovation center in Minneapolis. The companies chosen to participate in the program this summer will work out of the innovation center, which is located in the Minneapolis Grain Exchange building.

“It was challenging to select these final companies, as the quality and quantity of applications we received greatly exceeded our expectations,” Cem Erdem, founder of Project Skyway, said in a statement. “The fact we received applications from all over the country, as well as several countries, further demonstrates we can attract companies to come to Minnesota. Now it is up to our community to keep them here.”

Project Skyway claims to be the first tech accelerator program in Minnesota and the only one that will accept single founders and non-technical teams. Participating companies must have a Software-as-a-Service (SaaS) or mobile focus, and two full-time software developers will be allocated to each one.