And then there were six. Class is now in session for Project Skyway

Project Skway MinnesotaMinnesota’s first tech accelerator hit another milestone today when the inaugural summer class gathered together for their first day of school at CoCo Minneapolis earlier this morning.

Although it was generally expected that Project Skyway’s first group would consist of ten ‘skywalkers’ (pared from 25 original ‘contenders’), it was revealed in mid-June that only eight had actually been chosen to advance at the time.

Founder Cem Erdem maintains that the plan all along was to select “up to ten” startups for the summer class, with the stated goal of “investing in 100 startups over the next five years.”  Apparently, the financier didn’t feel compelled enough to back ten out the gate, which is only fair — after all, it’s his hand that’s writing the checks here.

Today, we’ve learned that one of those eight, Health IT startup Qualtrx, has officially dropped-out of Project Skyway for “internal reasons” and it also appears that PayPongo, a mobile payment solution, is in limbo right now after playing hooky on the first day of school.

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