NFC Near Field Communication Accelerator Companies to be Featured at Investor Event

AccelerateNFC™ Mentor program inaugural class to pitch to investors during SXSW 2014

Online PR News – 03-March-2014 – Dallas, Texas – OTA Ventures today announced its inaugural AccelerateNFC™ seed accelerator class will be introduced to investors on March 11, 2014, during an investor event being held in conjunction with the South by Southwest (SXSW) festival in Austin, Texas. The AccelerateNFC program is designed to nurture, mentor, advise and help fund NFC-based start-up companies to increase application development and enable businesses to drive the growth and adoption of near field communication (NFC).

The Texas Entrepreneur Network (TEN), a co-host of the event, puts startups and mid-market companies in front of angel investors around the state of Texas. According to Hall Martin, TEN director and co-founder of AccelerateNFC, the seed accelerator is mentoring four companies that are developing very exciting applications of NFC technology. "Our inaugural class participants — inProximity, NFC Game Studio, TapSpaces and True Mileage — are dynamic examples of NFC companies at the forefront of innovation and technology. These companies are using NFC creatively to develop breakthrough real-world uses including in-vehicle data capture to cut insurance rates, video, board games and educational products that bridge the real and digital world, hyper-localized information that supports local businesses, and interaction-based marketing."

Our inaugural class participants — inProximity, NFC Game Studio, TapSpaces and True Mileage — are dynamic examples of NFC companies at the forefront of innovation and technology. These companies are using NFC creatively to develop breakthrough real-world uses including in-vehicle data capture to cut insurance rates, video, board games and educational products that bridge the real and digital world, hyper-localized information that supports local businesses, and interaction-based marketing.

"Nearly six weeks into the AccelerateNFC program, these companies have partnered closely with mentors and advisors, and are well on their way to wowing investors and the industry as a whole," added Robert Sabella, AccelerateNFC co-founder, CEO of NFC Bootcamp, and co-host of this event. "Don't miss this chance to hear pitches from some of the latest entrepreneurs in the NFC space during one of the premier interactive events in the U.S."

The investor event will be held on Tuesday, March 11, 2014, from 3:00 p.m. to 6:00 p.m. Central, at CRU in the Domain, 11410 Century Oaks Terrace, Austin, TX 78758. Investors interested in attending should visit http://www.eventbrite.com/e/texas-entrepreneur-network-party-at-sxsw-tickets-8994313233 or contact coordinator@acceleratenfc.com for more information.

The AccelerateNFC program, which began on January 21, 2014, includes intense training on entrepreneur goals, product development and market sizing, research and development, channel strategies and sales, marketing, and operational requirements for running a successful business. In addition, participants learn the key strategies for building investor confidence. Details on the current class can be found at: www.acceleratenfc.com

SOURCE: OTA Ventures

About AccelerateNFC (www.acceleratenfc.com) — Created by OTA Ventures (www.otaventures.com) AccelerateNFC™ is a mentor driven, mentor funded seed accelerator for high potential companies. Accelerate NFC focuses on near field communication (NFC) companies, matching the highest caliber talent, resources and funding with those companies who are ready to take their ideas and products to the next level.

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