500 Startups Co-Founder, Paul Singh, To Head Up M-1 Ventures Connected Health and Fitness Startup Accelerator In Baltimore.
Paul Singh is no stranger to startups, seed investing and acceleration. As one of the co-founders of legendary startup accelerator 500 Startups he’s seen hundreds of startups grow, flourish and in some cases fail.
Back in 2013 Singh stepped down from his day to day roll at 500 Startups to focus full time on his own startup Dashboard.io. During his tenure at 500 startups, he had developed Dashboard as an online management platform and portal to help mange 500 startups for their investors and the startups themselves. He has continued to be very active in the startup community.
Now Singh has been tapped to run a new accelerator on the Johns Hopkins Medical Campus.
M-1 Ventures, a new Baltimore-based startup accelerator focused on connected health and fitness technologies. The 16-week program will be housed in FastForward East, an innovation hub on the Johns Hopkins medical campus, and will challenge startups selected from a national applicant pool to validate their business models, engage with customers and build on traction they have already generated. Additional support for the program comes from the Maryland Department of Commerce and Village Capital.
“By focusing this accelerator on connected health and fitness, M-1 Ventures takes advantage of our regional strengths to provide startups in this business vertical with a clearer path to success,” says Christy Wyskiel, a senior adviser to the president of The Johns Hopkins University and leader of Johns Hopkins Technology Ventures. “M-1 participants will receive specialized support and resources from top industry researchers, entrepreneurs and innovators that will help them develop health and fitness solutions that will drive real impact.”
Johns Hopkins Technology Ventures, The University of Maryland (UM Ventures), Brown Advisory, The Abell Foundation and Plank Industries (Kevin Plank of Under Armour) are providing the support for M-1 Ventures.
Applications for connected startups in the fields of health or fitness are open now through August 4th. Selected companies will receive:
- $25,000 in equity funding
- 1-on-1 mentorship from investor/entrepreneurs Paul Singh and Tony D’Agostino
- Co-working space in FastForward East, an innovation hub on the Johns Hopkins medical campus
- Access to and mentorship from connected health and fitness experts at Johns Hopkins and the University of Maryland as well as an array of other speakers
- Pro bono legal/accounting services and additional business resources
- Access to the industry’s and region’s top investors at a Demo Day
- The opportunity to win one of two additional $25,000 investments
“We are excited to provide access to our expert researchers and practitioners to ensure that truly innovative ideas have a chance of succeeding,” says Jim Hughes, co-director, UM Ventures and VP, University of Maryland, Baltimore. “Given our collaboration around the Center for Sports Medicine, Health and Human Performance at the University of Maryland, College Park, which was seeded with a $25 million gift from Under Armour founder and CEO Kevin Plank, the timing couldn’t be better. We look forward to collaborating with our partners in Baltimore to make this a destination for all connected health and fitness companies.”
Interested companies can find out more and apply here.