A new logistics accelerator is currently accepting applications for its first cohort of startups.
EPIcenter Logistics Innovation Accelerator, which is sponsored by FedEx Express and is part of the Entrepreneurship Powered Innovation Center, will launch May 18 and host its first Demo Day Aug. 13. The accelerator’s goal is to help startups bring logistics technology to market, while leveraging the region’s strengths as the world’s distribution hub.
“With a competitive advantage in supply chain integration, unparalleled business-to-business capabilities, four modes of transportation readily available to connect local companies to a global marketplace and a workforce that has expertise in logistics technology, Memphis can provide the ideal ecosystem and mentorship for this new business accelerator,” said Leslie Lynn Smith, president of EPIcenter.
Created last spring through a collaboration of corporate partners and economic development organizations, EPIcenter has the goal of creating 1,000 new entrepreneurs and 500 new companies in the next 10 years.
Up to six companies will be selected for the first cohort and receive $25,000 in initial seed capital from Memphis-based venture capital firm Innova. National and international startups can apply for the accelerator but must be based in Memphis for the duration of the program. Applications are available at EPIcenter’s website and are due by April 10.
“FedEx was itself an innovation, and our entrepreneurial roots still permeate our culture today. We are proud to support a business accelerator that will give promising new logistics technology companies the resources they need to grow,” said Richard Smith, vice president of Global Trade Services, FedEx Express.