Dobson, ACG announce fund to support coding cohort in KEC’s “The Works” accelerator

On April 19, 2016, Eric Dobson with Angel Capital Group (ACG) announced that he will be leading an effort to raise $250,000 in seed funding to support startups participating in the Knoxville Entrepreneur Center’s (KEC) accelerator program. Under this plan, accredited individuals will be able to invest in a new entity named The KEC Fund, LLC. Managed by ACG, the fund will draw on the organization’s existing infrastructure, and invest an equal amount in each of the start-ups selected for this year’s ‘The Works’ accelerator program. KEC will select the finalists with input from the new fund’s members. This is a major commitment for Dobson, who has witnessed the impact that early investments in accelerator-based start-ups can have in ensuring long-term success.

“We hope this helps us attract new investors for this critical segment of our local economy,” Dobson explained. “We have great leadership with the KEC. Now, it is time for a grassroots, community-based fund to help take the KEC program to the next logical level, on par with its peers around the state.”

Dobson’s announcement follows KEC’s call for applicants to participate in the ‘The Works,’ a merger of the organization’s ‘MediaWorks’ program and ‘CodeWorks’ accelerator. The new program will be a single multi-week accelerator with two cohorts – one composed of content creators for social media platforms like YouTube, Snapchat, and Instagram and the other comprised of software engineers developing products.

Read the full story on the Teknovation.biz website.