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Blue Startups is a venture accelerator that aims to stimulate economic growth in Hawaii and create new business opportunities by providing promising entrepreneurs with key ingredients for success. These key ingredients include seed funding, mentorship, access to business expertise, product testing, peer review, pitch development, and introductions to investors. Two times a year, 5-10 teams will be selected, given the resources they need, and go through an intensive 12-week program, to kickstart their business. Blue Startups is focused on recruiting capital efficient and scalable technology companies, including Internet, software, mobile, gaming and e-commerce. In addition, the program is targeting companies with a focus on Asia. Typical investments are $20,000 funding for a 6% equity stake in the company. Blue Startups has received preliminary notification of funding from the State of Hawaii through the Hawaii Strategic Development Corporation. $400 million in follow on funding has been raised.
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