A Pair of Business Accelerators Focus on NFC RFID Startups
launched initiatives with the goal of helping startups focused on Near Field Communication RFID technology. Startupbootcamp and AccelerateNFC (owned by OTA Ventures) are each offering a program targeting those with new NFC products, or with solutions that are developed but need a boost by way of partners, funding or customers. The two companies are now accepting applications for mentoring programs, with the understanding that any applicant accepted into the program will share a percentage of his or her company's equity. Startupbootcamp's NFC & ContactlessXL program is being funded by Vodafone, along with other companies, while AccelerateNFC is being funded by the mentoring companies that will share that equity from participating startups.