Via News Release
“ST. PAUL, Minn., April 30, 2018 – Earlier this year, American Public Media announced the launch of the Glen Nelson Center and its first program, Lunar Startups. Supported by the John S. and James L. Knight Foundation, the new program – dedicated to supporting underrepresented entrepreneurs leading high growth startups – is seeking applications for its inaugural cohort beginning today and lasting until Friday, June 1, at lunarstartups.org.”
Lunar Startups will accept five to seven early-stage companies to occupy dedicated space within Lunar Startups’ offices at Osborn370 in St. Paul’s downtown. In addition to office space, benefits of the 12-month cohort include ongoing visibility, education, stewardship and team development. Lunar Startups will measure success of the cohort based on the companies’ growth including customers and milestones achieved.
“Women and people of color are building exciting growth businesses but are often not provided with the same opportunities and access due to social capital and networks that still determine early success for most startups,” said Lunar Startups managing director Melissa Kjolsing Lynch. “We want to change that by surrounding our cohort with focused opportunities and experiences to cut through these societal challenges.
American Public Media’s national reach creates a unique value proposition for startups interested in applying to the cohort, which can help startups connect and expand outside of Minnesota. Both American Public Media and Knight Foundation strive to strengthen the communities, including St. Paul, in which they exist and operate.
“Lunar Startups aims to provide important opportunities for emerging entrepreneurs to grow and thrive. We look forward to seeing how this first class of innovators will add to St. Paul’s momentum for inclusive growth and innovation,” said Jai Winston, Knight Foundation program director for St. Paul.
Entrepreneurs who have validated that there is a need for their product or service through customers, users or by raising money are encouraged to apply. Lunar Startups will host a session on Tuesday, May 8, at Wilder Foundation in St. Paul to share more information and answer questions about the application process. For more information about the event and to access the cohort application, visit lunarstartups.org.