Sparkgap Accelerator is an organization based in Memphis, Tennessee, dedicated to supporting logistics technology founders. It was founded as part of Start Co. and operates a 115-day accelerator program that provides early-stage funding and mentoring to startups in the logistics sector.

Sparkgap Accelerator invests in logistics technology startups, offering crucial early-stage funding of $25,000. The program emphasizes the development of software and hardware technologies that address challenges in the logistics industry, providing access to corporate assets for testing and refining ideas.

The program offers early-stage funding, mentorship, and access to corporate assets for testing and refining ideas in the logistics sector.

<p><strong>What are the eligibility criteria for Sparkgap Accelerator?</strong></p><p>Startups must be in the logistics technology sector and at the pre-seed or seed stage to apply for the program.</p><p><strong>How does the application process work?</strong></p><p>Interested founders can apply through the Sparkgap website. The application is open and can be submitted at any time.</p><p><strong>What are the deal terms for accepted startups?</strong></p><p>Each startup receives a $25,000 investment in exchange for equity. Additional support includes mentorship and access to corporate resources.</p><p><strong>What is the format of the program?</strong></p><p>The program lasts for 16 weeks and includes a mix of in-person and virtual mentorship sessions, workshops, and networking opportunities.</p><p><strong>What makes Sparkgap Accelerator different from other programs?</strong></p><p>Sparkgap focuses specifically on logistics technology, leveraging Memphis's position as a logistics hub to provide unique testing and collaboration opportunities.</p><p><strong>What success metrics does Sparkgap use?</strong></p><p>Success is measured by the growth of startups, funding raised post-program, and the impact of their solutions on the logistics industry.</p>