Add access to follow-on cash to the list of perks at NextFab’s RAPID accelerator program.
The South Philly makerspace — which also has locations in North Philly and Wilmington, Del. — launched a follow-on fund worth $100,000 to invest in companies from its accelerator program, which kicks in $25,000, office space and access to mentorship.
No investments have yet been made from the relatively small fund, which will look exclusively at RAPID startups in its initial run, according to NextFab CFO Ken Tomlinson.
READ FULL ARTICLE HERE