Entrepreneurship organization and community Philly Startup Leaders announced Thursday that the second cohort of its Founded in Philly accelerator for early-stage entrepreneurs kicked off this week.

The accelerator, which relaunched last year amid an organizational revamp, is a 12-week program offering mentorship, a speakers series, financial opportunities and business-building lessons. The accelerator is now broken into two parts: one for “idea-stage” founders, and this program, for “MVP” startups, which have their business idea more solidified.

Last year, the City of Philadelphia granted $150,000 to the program, and over the summer, former PSL Director Kiera Smalls got a handful of area businesses and orgs to pledge more than $500,000 to the future of the program.

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