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TechStars has become one of the most prominent startup accelerators in the world, with locations in Boston, Boulder, New York, London, and Seattle.
Late last month, TechStars announced the 10 startups that beat out nearly 1,000 applicants to join its inaugural program in Chicago. TechStars Chicago was formerly known as Excelerate Labs, but the two recently formed a partnership and decided to use the TechStars branding.
TechStars is a three-month accelerator program that gives entrepreneurs access to mentors, and invests $118,000 in each company: $18,000 in seed funding and an optional $100,000 convertible note.
Startups that go through TechStars seem to be bound for success. TechStars has funded companies like SendGrid, Condition One, Kinvey, and Timehop, to name a few.
Out of the 175 startups that have gone through TechStars, 90% of them are still up-and-running or have been acquired.
CaptureProof aims to improve a patient's relationship with their doctor.
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CaptureProof lets patients securely share their photos and videos with their physicians. The app captures, shares, and compares patient photos and videos to physicians can keep track of how their patients are doing. Physicians can also analyze their patient's health information and trends from anywhere using the company's mobile apps.
Its founder, Meghan Conroy, has a background in pharmaceutical sales and photography.
HIPOM helps parents manage their children's Internet usage.
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With Home Internet Peace Of Mind, parents can easily manage how much time their children spend online.
HIPOM's control panel allows parents to turn on/off Internet access on devices throughout the house at any time.
"When I read the application for HIPOM I could immediately relate to the pain point that it addresses because I have children of internet age myself," Troy Henikoff, managing director of TechStars Chicago, said. "I gave the service a try and sure enough it really works." He went on to say, "HIPOM's innovative approach to dealing with the growing problem of tech addiction among children is something that will likely resonate with any parent who has ever had the thought that maybe their kids are spending too much time on line."
Nexercise helps you lose weight and stay in shape.
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Nexercise is an iOS and Android app for tracking weight loss and getting in shape. The app encourages you to work out through competitions, alerts, and actual rewards.
So far, Nexercise has facilitated 3 million workouts, with its users clocking 100 million minutes of physical activity.
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