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STACHE Investments Corporation exceeds $1 million One Spark commitment

KYN_Logo_transparent_150wThe STACHE Investments Corporation announced today that it exceeded the $1 million potential investment committed at One Spark and has also extended this commitment to next year’s One Spark event April 9 – 13, 2014. As part of STACHE’s investments, KYN launched today as an accelerator and apprenticeship program. KYN will launch with four companies in its inaugural class and will leverage its resources to support numerous One Spark creators that have been in talks with the STACHE Investments Corporation. KYN has also partnered with the University of North Florida to help train students in design and development. The accelerator’s inaugural class are all businesses who participated in the wildly-successful One Spark festival.

“We are impressed by the outpouring of talent we witnessed at One Spark earlier this year,” said Jim Zsebok, Chief Investments Officer at the STACHE Investments Corporation. “STACHE has provided the seed capital for KYN because we view it as an essential component of the entrepreneurial ecosystem that Elton and his team is creating in Jacksonville which began with CoWork Jax, then One Spark and now KYN. So today, via KYN we announce the 4 companies who will participate in the inaugural class at KYN and we will continue to work with several other Creators we met at One Spark who require different resources, including Heritage Farms, Workout Navigator and Chair to Share.”

The companies who participated in One Spark and are receiving funding at this time are:

·         Heritage Farms
·         Pure Treats
·         Floppy Entertainment
·         Original Fuzz
·         Hatchware
 

Pure Treats, Floppy Entertainment, Original Fuzz and Hatchware are the four companies who will be in the inaugural class and receive funding directly from KYN.

Nearing the completion of the 16-week program at KYN, the companies will have an opportunity to participate in a demo day where other venture capitalists and angel investors interested in their companies will review opportunities to invest in the companies.

“This is a natural outgrowth of what we hoped to achieve with the inaugural One Spark festival, and the next step in supporting great startups in Jacksonville,” said KYN Co-Founder, Elton Rivas. “Our selection of downtown to house this accelerator is further commitment to the continued support and growth of Jacksonville’s thriving startup community in the heart of our city. We couldn’t be happier to be working with the STACHE Investments Corporation in support of the growth of this ecosystem for Jacksonville.”

In addition to the accelerator program, KYN has also announced their partnership with the University of North Florida. KYN will hire select students to participate in a semester long apprenticeship program where they will earn course credit, learn web development and user interface and design all while working directly with KYN startup companies.

The accelerator will soon begin selecting applications for its second 16-week class, slated to begin January 2014. All information for the application timing and process can be found on the KYN website at www.kyn.is.

“We’re focused on linking early stage companies in technology, health and fitness and hard goods with seed money, tools and great mentors to support the rapid growth of their business,” Co-Founder, Rivas said. “This intensive 16-week program provides access to mentors, developers and designers, workshops, work space and a collaborative community while also training nearly a dozen UNF students that could be potential future hires for these companies. It’s a great model.”

About KYN:

KYN is a relationship focused accelerator and apprenticeship program located in the heart of downtown Jacksonville, Florida. We are entrepreneurs, investors, innovators, and leaders passionate for creating impactful, sustainable companies.  Visit http://.kyn.is for more information.

About STACHE Investments Corporation:

In an effort to help the community Mr. Khan formed the STACHE Investments Corporation to support business people in the area hoping to help them grow their businesses and provide new employment opportunities for people in the Greater Jacksonville area.


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