So Who Got into the 440 Accelerator?

440NG, the accelator created out of the joint venture between 88mph and L5 Labs announced via their Twitter feed that they’d picked their finalists.

Emails were sent out yesterday from the @440LTD platform. Check to see if you made it into the program. Thanks for everybody who applied.

— 440.NG (@440dotNG) September 16, 2014

Now, there’s a ton of speculation as to WHO exactly got into the program – everyone seems to be ridiculously tight-lipped about the process but here’s what seems to be apparent:

• 10 startups have received offers to join 440NG’s first cohort. The names that keep coming up are Bambo Oyelaja’s prayer request service – PrayerBox, media analytics company – PlaySpread, e-commerce shopfront creator and Battlefield finalist 500 Shops as well as Battlefield winner PrepClass.
• we expect the terms to vary but what we’ve heard sounds pretty decent.  Somewhere in the region of $25,000-30,000 for 30% of the company as well as office space in the swanky Moorhouse Sofitel, a personal allowance for founders and other costs covered by the incubator.

We’ll provide more information as it becomes available to us.

Seyi Taylor Author

• @seyitaylor