News Column

Venture Hive Announces Accelerator Class

November 25, 2013

Nancy Dahlberg, The Miami Herald

business classroom
Business classroom (file photo)

Nov. 25--A big data company focused on the cruise industry. An online food delivery service that includes a search feature based on the consumer's mood. A virtual check casher targeting unbanked and underbanked U.S. Hispanic consumers.

These companies and seven others are part of Venture Hive's second accelerator class, and they hail from seven countries including Romania and India. The 10 technology companies announced Monday were selected from a pool of more than 150 applications. Each focuses on one of four industry areas that Miami-Dade County is strong in: tourism/hospitality, healthcare, the creative industries, and a new category this year -- trade/logistics. As in the inaugural class, half of the companies are from Latin America.

Venture Hive offers a 12-week accelerator program, free office space for a year, and $25,000 grants to the companies it selects. The program, located in a 35,000-square-foot building in downtown Miami, is supported by Miami-Dade Mayor Carlos Gimenez's office and the Miami Downtown Development Authority. Venture Hive also runs an incubator and other programs.

The 10 tech startups in the new accelerator class will join 21 young technology companies already operating at Venture Hive, some as part of its incubator and others from the first accelerator class, said Susan Amat, founder of Venture Hive. "The second class will also have the benefit of an incredible international network because of our partnerships with the State Department, World Bank and other international entrepreneurship organizations. Another fun twist is Venture Hive's new high school program. High school students will be working alongside the startups."

One of the many success stories from the first class is Everypost. "Everypost is redefining the way social marketers and content professionals manage their content on social media," said co-founder and CEO Fernando Cuscuela, speaking last week from San Francisco, where he was close to wrapping up a significant fund-raising round.

In the past year through mentoring at the Hive and listening to its users, Everypost has refocused its core business and attracted local investors, including Carlos Garcia of Nobox and Alexandre Hohagen of Facebook. Most of Everypost's team of eight is in Argentina now, but the company will be expanding in Miami with the new funding, Cuscuela said.

Cuscuela said he will also be spending about a week a month in Silicon Valley for the brand exposure but that Venture Hive is home: "We were a team from another country with a different culture, but Venture Hive welcomed us into their community. They believed in us."

The next Venture Hive accelerator class starts in January. The 10 startups selected are:

APREFIS: Aprefis, of Romania, helps companies increase margin by 10 to 15 percent through big-data pricing algorithms. Currently the company found traction in the cruising industry and has an office in Washington, D.C. Founding team: Adrian Salceanu; Bogdan Stroe; Catalin Boruga; Lavinius Marcu.

CHANCE: Hailing from Bangalore, India, Chance is a mobile application that allows fans and followers to have short video interactions with their influencers. These interactions are captured and shared across social media. Founding team: Abhijit Gupta, Sandeep Mederametla.

MICARGA: This company from Medellin, Colombia, focuses on alpplied technology for logistics. Founding team: Manuel Velez, Federico Builes.

mSO (MOBILESTORE OPERATIONS): Madrid-based MobileStore Operations' business app manages in-store processes. mSO solves the challenges retailers face in their transition to more complex distribution models. Founding team: Joaquin Villalba, Cristina Segad.

PICK-EAT: Pick-eat is an online food delivery service based in Buenos Aires that includes Foodpad, a new way to search for food based on the consumer's mood. Founding team: Giuliana Alpern, Daniel Appel, Naor Korona.

PREDICTVIA: Predictvia, from Caracas, is a predictive analytics platform that uses artificial intelligence techniques to determine with a high degree of confidence future actions of customers, allowing companies to improve their sales and business metrics. Founding team: Jorge Andres Padua, Frank Fernow, Ernesto Olivo, Giselle Acedo.

PROPERATI: Properati, from Buenos Aires, is a marketplace for real estate in Latin America using a performance-based business model for realtors. Founding team: Gabriel Gruber, Martin Sarsale, Lorenzo Raggio.

THE FAN MACHINE: The Fan Machine, from Buenos Aires, offers a social marketing platform that helps brands and agencies save time and money on their marketing and advertising efforts. Founding team: Anton Chalbaud, Matias Paterlini, Claudio Cohen.

WALETEROS: Waleteros is a Miami-based virtual check casher targeting unbanked and underbanked U.S. Hispanic consumers. Waleteros' mobile wallet allows check deposit, bill payment, money transfer, ATM withdrawals and merchant payments. Founding team: Etienne Gillard.

ZAZOM: This Miami company provides renters a new and efficient way to find rental places by having available and matching properties find them. No more wasting time on bad listings and bad matching. Founding team: Joe Lau, Sidarta Tanu., which relocated in September from Richmond, Va., is currently a Venture Hive incubator company.

Follow Nancy Dahlberg on Twitter @ndahlberg and keep up with entrepreneurship news on the Starting Gate blog on business.


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Original headline: Venture Hive announces next accelerator class

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Source: (c)2013 The Miami Herald

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