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BoomStartup, an incubator based in Salt Lake City, Utah, which helps tech ideas find an optimal business model, create a minimal viable product that is revenue-ready, execute into revenue generation, and then make connections to customers and investors. The program runs from May to August. Participating companies get $20,000 in seed capital and $80,000 worth of infrastructure, office space, and services from companies like Microsoft, PayPal, and Rackspace. Prospective participants should have a business model focused on software, web, SaaS, or mobile applications; Team of 2-3 founders, with at least one developer/technologist; and a Plan for a fast-start, early-exit strategy (firms are not expected to build a $50-100M company to enter the program). The firm has raised $65 million in seed capital.
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