Connect with us

Business

Techstars and UpSurge Baltimore Launch Techstars Equitech Accelerator to Attract Companies, Talent and Capital to Baltimore

Spread the love

Author of the article: The Techstars Equitech Accelerator will build and nurture an innovation economy in Baltimore where “all belong” BALTIMORE — Techstars, the worldwide network that helps entrepreneurs succeed, today announced the Techstars Equitech Accelerator, a new Baltimore-based program focused on driving an inclusive innovation economy in Charm City. The accelerator is a collaboration…

Published

on

Spread the love

Author of the article:

Business Wire

The Techstars Equitech Accelerator will build and nurture an innovation economy in Baltimore where “all belong”

BALTIMORE — Techstars, the worldwide network that helps entrepreneurs succeed, today announced the Techstars Equitech Accelerator, a new Baltimore-based program focused on driving an inclusive innovation economy in Charm City. The accelerator is a collaboration with UpSurge Baltimore, a recently launched Public Benefit Corporation aimed at propelling Baltimore into the top tier of innovation cities.

The accelerator embraces UpSurge’s distinctive framework of ‘equitech.’ Equitech is an industry-agnostic framework focused on building an innovation economy where all belong. It’s a force-multiplier, building on the proven benefits of diverse teams, leaders and perspectives. Equitech is a lens to attract, align and support startups – not a filter to exclude them. Equitech companies include those grounded in the values of diversity, those led by underestimated founders, and those developing technologies that increase access and equity in society.

“Baltimore is a city with an incredible network of civic, academic and corporate organizations ready to drive this big vision to establish Baltimore as the world’s first Equitech city,” said Nancy Wolff, General Manager at Techstars. “We are genuinely honored to be joining forces with UpSurge to launch the Techstars Equitech Accelerator, support the growth of Baltimore’s innovation economy, and prove that diversity and belonging accelerates startup and business performance.”

Advertisement

This advertisement has not loaded yet, but your article continues below.

The Techstars Equitech Accelerator will begin accepting applications from global startups for its inaugural class on May 10, 2021 for a three-month program that will take place November 2021 through February 2022. Techstars and UpSurge are currently seeking a Managing Director to lead the program with support from UpSurge leadership. Annually, ten startups will be selected to participate in the accelerator where they will receive funding, hands-on mentorship from the Techstars and UpSurge networks, access to curated workshops and resources, and access to the Techstars global network for life.

“Our partnership with Techstars to launch the first ever Equitech accelerator is an anchor initiative of UpSurge. Techstars accelerators are sought after by the country’s most exciting startups, and we think that together, we have an unparalleled platform on which to build this big vision,” said Jamie McDonald, CEO of UpSurge. “Equitech is about building an innovation economy where all belong – and our partnership with Techstars is a key step in making Baltimore the nation’s first Equitech City.”

Startups interested in the program are encouraged to learn more by visiting the Techstars Equitech Accelerator page or expressing interest here. Corporations looking for more information about Techstars’ dedication to corporate innovation can learn more at https://www.techstars.com/corporations.

About Techstars

The Techstars worldwide network helps entrepreneurs succeed. Founded in 2006, Techstars began with three simple ideas—entrepreneurs create a better future for everyone, collaboration drives innovation, and great ideas can come from anywhere. Now we are on a mission to enable every person on the planet to contribute to, and benefit from, the success of entrepreneurs. In addition to operating accelerator programs and venture capital funds, we do this by connecting startups, investors, corporations, and cities to help build thriving startup communities. Techstars has invested in more than 2,300 companies with a combined market cap of more than $193B. www.techstars.com

About UpSurge Baltimore

UpSurge Baltimore is building an engine to propel Baltimore into the top tier of US innovation cities. Their work centers on founders, tech-enabled and scale businesses, helping to launch, support, grow and celebrate high-impact startups. UpSurge is also developing strategies to attract new companies, talent and capital to Baltimore. We don’t envision Baltimore as just the next great tech city, but as the world’s first Equitech City. Equitech is a force multiplier on a tech economy – where diversity is a competitive advantage. It’s the cultural framework for UpSurge, a lens to attract, align and support startups – not a filter to exclude them. Over time, not only will entrepreneurs and investors around the world look to Baltimore as a launching pad for transformational companies, but more Baltimoreans will see the knowledge economy as a pathway for their own upwardly mobile futures.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210429005204/en/

logo

Contacts

Ali Whitman

Techstars

Ali.Whitman@techstars.com

Jamie Fontaine

UpSurge Baltimore

jf@adeoadvocacy.com

Top Stories Newsletter

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Business

St. James Gold up 23% on financing news

Spread the love

St. James Gold Corp. [LORD-TSXV; LRDJF-OTCQB; BVU3-FSE] said Thursday May 13 that it has struck a deal with an underwriting syndicate in connection with a brokered private placement of up to 2.17 million units at $3 per unit, which is expected to raise $6.51 million. Each unit will be comprised of one common share and…

Published

on

By

Spread the love

St. James Gold Corp. [LORD-TSXV; LRDJF-OTCQB; BVU3-FSE] said Thursday May 13 that it has struck a deal with an underwriting syndicate in connection with a brokered private placement of up to 2.17 million units at $3 per unit, which is expected to raise $6.51 million.

Each unit will be comprised of one common share and one common share purchase warrant. Each warrant is good to buy one additional share at an exercise price of $3.90 for three years.

The company granted the underwriters the option to increase the size of the offering by up to 500,000 units, potentially raising additional proceeds of $1.5 million.

St. James shares jumped 23.2% or 82 cents to $4.35. Shares are currently trading in a 52-week range of $6.50 and $0.055.

St James holds an option to acquire a 100% interest in 28 claims covering 1,730 acres in the Gander district in north-central Newfoundland adjacent to New Found Gold Corp.’s [NFG-TSXV] Queensway Project, and an option to acquire a 100% interest in 1,730 acres in central Newfoundland adjacent to Marathon Gold Corp.‘s [MOZ-TSX; OTC-MGDPF] Valentine Lake Gold Project.

Back in April, 2020, Marathon released a pre-feasibility study for the Valentine Lake Project. It envisages an open pit mining operation over a 12-year mine life with average gold production of 175,000 oz/year in years 1-9 from the processing of high-grade mill feed.

St James recently signed an option and joint venture agreement to acquire up to a 100% interest in the Florin gold project covering nearly 22,000 contiguous acres in the historic Tintina gold belt in the Yukon, subject to regulatory approval.

The company intends to use net proceeds of the offering to close the initial payment on the Florin project acquisition. Proceeds will also be used to finance drilling on the Florin gold project and Newfoundland properties.

The Florin Gold project contains an inferred resource of 2.47 million oz gold contained in 171 million tonnes of 0.45 g/t with a cut-off of 0.30 g/t at a gold price of US$1,650/oz.

The Florin property is 55 km northwest of Mayo and 130 km east of Dawson City.


Read More

Continue Reading

Business

Blue Lagoon drills 0.98 metres of 36.7 g/t gold at Dome Mountain, British Columbia

Spread the love

Blue Lagoon Resources Inc. [BLLG-CSE; BLAGF-OTCQB; 7BL-FSE] provided a drilling update and results from the 2021 phase 1 drill program on its Dome Mountain gold project, an all-year accessible property located a short 50-minute drive from Smithers, British Columbia, which holds both an Environmental Management Act (EMA) permit and a mining permit providing for up…

Published

on

By

Spread the love

Blue Lagoon Resources Inc. [BLLG-CSE; BLAGF-OTCQB; 7BL-FSE] provided a drilling update and results from the 2021 phase 1 drill program on its Dome Mountain gold project, an all-year accessible property located a short 50-minute drive from Smithers, British Columbia, which holds both an Environmental Management Act (EMA) permit and a mining permit providing for up to 75,000 tonnes production annually.

Highlights included hole DM-21-164 that returned 36.7 g/t gold and 580 g/t silver over 0.98 metres. DM-21-165 returned 11.08 g/t gold and 34.39 g/t silver over 4.13 metres, including 22.80 g/t gold and 42 g/t silver over 1.37 metres. DM-21-168 returned 25.8 g/t gold and 74 g/t silver over 1.45 metres.

“We are very pleased with the results to date from our 2021, 20,000-meter drill program, which continue to confirm the hi-grade nature of the Boulder Vein,” said Rana Vig, President and CEO of Blue Lagoon Resources. “With the first phase now complete with 7176.5 meters drilled in 31 holes, we’re getting ready to recommence drilling once all the snow melts and break-up is complete with ground conditions becoming more favorable for our drill crew to mobilize,” he added.

The first phase of this drill program at Dome Mountain also included three drill holes targeting the Forks Vein zone, located 500 metres south of the Boulder Vein. The Forks Vein zone is a shallow dipping structure to the north.

Hole DM-21-154  returned  3.0 metres of 0.95 g/t gold and 14.5    g/t silver and 3.0 metres of      8.3 g/t gold and 14.5 g/t silver, including 1.5 metres of 15.4 g/t gold and 26 g/t silver. DM-21-156 returned 1.7 metres of 4.02 g/t gold and 21 g/t silver.

The mineralized structure is shallow dipping to the northeast and remains open along strike and down dip. Holes 154 and 156 hit the down-dip segment 150 metres from historic workings where a shaft and drifting encountered the mineralized zone at 35 metres depth.

“These holes targeted mineralization identified from holes drilled in the 1980s and confirmed the high-grade nature and trend of the mineralized Forks Structure,” said William Cronk, Chief Geologist for Blue Lagoon. “Further drilling will test for continued mineralization to the NE along the down dip trend with a goal to follow this mineralized structure to its intersection with the Boulder Vein System,” he added.


Read More

Continue Reading

Business

Santacruz produces 706,978 oz AgEq in Q1 in Mexico

Spread the love

Santacruz Silver Mining Ltd. [SCZ-TSXV; 1SZ-FSE] reported operating results from the 100%-owned Zimapan Mine located in Zimapan, Hidalgo, Mexico, and the 100%-optioned Rosario Project in Charcas, San Luis Potosi, Mexico, for the first quarter 2021. The company is not including production from the Veta Grande Project in this report as operations at Veta Grande were…

Published

on

By

Spread the love

Santacruz Silver Mining Ltd. [SCZ-TSXV; 1SZ-FSE] reported operating results from the 100%-owned Zimapan Mine located in Zimapan, Hidalgo, Mexico, and the 100%-optioned Rosario Project in Charcas, San Luis Potosi, Mexico, for the first quarter 2021. The company is not including production from the Veta Grande Project in this report as operations at Veta Grande were suspended during Q1 2020.

Production highlights include silver equivalent ounces produced 706,978 in Q1. Silver head grades increase 9.4% at Zimapan Mine as compared to Q1 and Q4 2020. There was increased tonnage throughput from Lomo del Toro zone of the Zimapan Mine from 4,000 during January and February to 6,000 tonnes for the month of March. A new mining method introduced in late March at Rosario that is expected to significantly reduce costs by less handling of waste material

Carlos Silva, Santacruz’s COO, stated, “As we keep advancing our workings deeper into the higher-grade Lomo del Toro manto and increase the tonnage mined from this zone, we are seeing a corresponding increase in head grades at our Zimapan Mine. We are progressing well towards our objective of reaching 15,000 tonnes per month of mill feed from this higher-grade area by the end of the second quarter.” Silva continued, “We expect further efficiencies at our Rosario Project during Q2 as a result of a revised mining plan which results in less waste material being handled. These very encouraging improvements were unfortunately partially offset by an unstable power supply from Mexico’s Comision Federal de Electricidad (Mexico’s power supply company). The unstable power supply impacted the mill throughput at both mines in February as motors for the ball mills were damaged. The matter was resolved in early March but mill throughput was materially reduced for eight days.”

The company continues to take all appropriate measures to prevent COVID-19 among the work force and local communities and to monitor the effectiveness of these measures in mitigating any potential impact on business activities. The company’s actions have been successful to date and the pandemic has not had any material impact on the business.


Read More

Continue Reading
Advertisement

News Trending