# Thursday, January 31, 2013

As the AcceleratorHK cohort teams are rounding out their Demo Day presentations, I am proud to announce that Paul and I are running a new (semi) Virtual Accelerator focusing on Win8 App development.

The focus of the accelerator is early stage startups who are willing to work on their business full time.  As always our preference is for a two person (or more) team that has at least one techie and one business co-founder and is willing to work on the project full time.

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The selected company will receive a $30,000 (USD) investment (for 4%-8% equity) from Telerik and be put through a 14 week program starting with an intense week onsite in Hong Kong alongside the next AcceleratorHK cohort working on customer development. (We’ll pay your airfare and housing for the week in Hong Kong in addition to the investment.) After the week in Hong Kong the team will return home (or decide to stay in Hong Kong, but it will have to come out of the $30k Smile) and do the customer development process with guidance from the Accelerator virtually. At then end we will help you launch your product to the world and have your business take the next step.

The application is here, apply today! The deadline is March 15th. The world famous Robert Scoble is helping determine the company that is accepted.

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Update 04 Feb 2013

Originally I wrote that there was no equity taken, that was my mistake, we take between 4% and 8% equity for the $30,000 investment. Sorry for the confusion.