Transcard, the Chattanooga-based payment technology company, has announced the launch of AccelUp, an accelerator program for minority owned start-ups in its hometown.
According to the recent announcement, AccelUp will select up to 10 minority owned start-ups each year to receive a $15,000 non-dilutive loan. Those selected for the program will have access to Transcard’s resources and assets, including its office space in the heart of downtown Chattanooga. Additionally, the AccelUp team can draw upon Transcard’s unique expertise its finance and technology to provide start-ups with a diverse approach to structuring future projects and initiatives.
AccelUp will begin accepting member applications in early July.