Silicon Valley, California-based Plug and Play has accepted 156 startups into eight of its startup accelerator programs, running from April through June. The program areas include: Energy & Sustainability, Enterprise 2.0, Health & Wellness, Insurtech, Internet of Things, Mobility, Real Estate, and Travel & Hospitality. The 156 acceptances represent less than 2% of applications.
"Plug and Play is here to fuel innovation and give startups an opportunity to team up with the largest players in their industry," said Saeed Amidi, Founder and CEO of Plug and Play.
Plug and Play’s accelerator programs, corporate innovation services, and an in-house VC are well touted for making technological advancement progress faster. Since its inception in 2006, their programs have expanded worldwide to include 21 locations, while their portfolio companies have raised over $7 billion in funding.
The three month program focuses on business development. The startups are given the opportunity to secure pilots, POCs, and investments drawing from Plug and Play's network of 220 corporate partners.
"I could not be more thrilled about the quality of the startups across all our programs. We have already seen some early engagements from our corporate partners and funding events on their way. Judging by the first few days, this will likely be the best cohort yet," shared Ivan Zgomba, Partner at Plug and Play Ventures in the press announcement.
These 156 startups will present at Plug and Play's Summer Summit being held from June 12th-14th. Tickets to the Summit are limited and early registration is recommended at bit.ly/summersummit18