District-based Acceleprise, an accelerator that provides money and mentoring to companies that sell technology to other companies, will open its second outpost in the tech mecca of San Francisco, organizers said Tuesday.
Companies accepted into the San Francisco program will receive a $30,000 investment, as well as access to mentors and a network of alumni and business contacts. Acceleprise is partnering with Silicon Valley Bank and WeWork to offer participants banking services and co-working space, respectively.
“Launching in the Bay Area allows us to take a proven model in Washington, D.C., and replicate it in a city that provides [software as a service] entrepreneurs an opportunity to tap into some of the best enterprise companies, mentors and investors in the country,” Sean Glass, managing partner at Acceleprise, said in a news release.
Founded in 2012, the Washington outpost of Acceleprise welcomed its fifth class of companies earlier this year. Allen Gannett and Collin Gutman are partners in the Washington operation.
Gannett said via e-mail that Acceleprise has no plans to open in other cities at this time.
The Silicon Valley accelerator will be run by a separate team of partners that includes Karen Appleton of Box, Nick Mehta of Gainsight, Rowan Trollope of Cisco and Michael Cardamone of AcademixDirect.
The deadline to apply for the San Francisco accelerator is August 1.