But when we go to Nibletz.com today, the first thing we see on the national start-up site is a post about The Brandery’s big graduation yesterday. Which felt like Cincinnati dancing on our grave.
Not to put too fine a point on it, Louisville is getting killed by Cincinnati. And it’s only going to get worse.
As we reported yesterday, Hunter Hammonds and Austin Cameron have moved Impulcity, their social-media/sharing app, to Cincinnati after getting funded while at the 14-week The Brandery seed-stage start-up accelerator.
This is from the Nibletz post today:
Boy time flies when you’re in an accelerator, or so says Louisville startup Impulcity CEO Hunter Hammonds. Hammonds leads one of the startups selected for the 2012 class at The Brandery accelerator in Cincinnati. His startup, along with CrowdHall from Salt Lake City UT, are two startups we’ve been tracking their entire way through the program. Today, at Great American Ball Park, the home of the Cincinnati Reds, wasn’t about just Impulcity and CrowdHall though. The Brandery graduated 11 startups in all and all of them had great pitches. They pitched to a crowd of at least 300 that was standing room only at the Champions Club over looking the field.
The Brandery has now graduated three classes.
The program has launched 15 start-ups, which have collectively raised about $11 million in total funding, according to the Brandery website.
And we still don’t have a start-up accelerator.
We know former Chrysalis Ventures managing partner Bob Saunders is still trying to put together a business accelerator for health-related software firms. Kentucky’s Economic Development Finance Authority approved a grant of $150,000 … for three years. The money strikes us as almost irrelevant. And does anyone even design software anymore?
Here’s the deal … there’s already a health care-focused accelerator. It’s called “the University of Louisville,” and that’s the one thing they do well.
On the consumer side, which is where the money is, we have bupkus.
This is at the same time Cincinnati business leaders are creating Cintrifuse, with the goal of turning the city into a start-up magnet. The Cintrifuse vision is a network of incubators, with backing from local corporations such as Procter & Gamble.
One of the organization’s biggest contributions will be its newly created fund of funds that will provide startups with early-stage capital, backed by local and national companies and VCs. To wit, the organization has already raised $50 million of its planned $100 million target.
Meanwhile, Kentucky leadership is focused on … coal.