The fourth cohort of Springfield’s efactory accelerator program has been announced. The group includes startups focused on eye care, attendance tracking and more.
The five companies will receive $30,000, office space and three months of curated programming and training in exchange for 8 percent equity, according to an efactory press release. Industry experts will also mentor the companies through the follow-on funding process.
On Aug. 12, the companies will take part in a demo day, where they will deliver updates and next steps for the community and investors.
Cohort 4 includes the following startups:
Collaboarator is a social media tool designed to help musical artists work together on tracks. Seth Kitchen and Michael Costello lead the company, which is relocating to Springfield from Rolla for the program.
Software company Compat.io aims to help dealers and merchants sell products and services tailored to consumer specifications. Founder Tim Baynes runs the company in southwest Missouri.
Fletch is an app that uses bluetooth and iBeacon technology to capture student attendance. Founder Marquett Burton joins the efactory from Ohio, and co-founder Aditya Halan is based in India.
Technology company ModBox designs accessories for drones. Founders Justin Cardoza and Chelsea Cardoza are based in Springfield.
Optikal Care is a subscription eye care service that delivers its products directly to customers. Founders SueAnn Hollowell and Norman Stuart III join the accelerator from Atlanta.