BLOOMINGTON, INDIANA (November 27, 2012) – Two Bloomington companies have collaborated to create the first technology accelerator program exclusively designed to support startups in the travel industry. RunUp Labs, a 10-week program specifically designed to meet the needs of travel tech startups, will provide capital (up to $20k per team), advice from industry experts, design assistance, and more to selected entrepreneurs.

The two Bloomington companies–SproutBox, an elite crew of business experts/venture capitalists, and Cornerstone Information Systems, a technology company specializing in management of travel reservations–will use their unique industry knowledge to mentor and assist selected entrepreneurs in the development of their startup companies.

“Bloomington is home to many inspiring technology companies and startups,” said Katie Birge, Project Manager, Bloomington Technology Partnership. “Cornerstone and SproutBox are two such companies, and we applaud this initiative and its potential for growing business locally,” said Birge.

Some of the mentors for RunUp Labs include co-founder of FlightCaster, Evan Konwiser; IT manager for JHM Hotels, Raman P. Rama; co-founder of Where I’ve Been, Michael Dalesandro; and, CEO of iGrandparents, Steve Barsh.

The RunUp Labs program will begin March 4, 2013 and will be hosted at “The Box,” SproutBox’s 3,500 sq. ft. facility located on the B-line trail just south of downtown Bloomington. Applications are being accepted now through January 15, 2013.

To apply to RunUp Labs, visit here. To view the full press release from SproutBox visit here.

About SproutBox
SproutBox represents a new approach to venture capital that is about more than just writing checks. SproutBox is a team of coders, marketers and business experts that work with entrepreneurs full-time in exchange for equity. Each year, SproutBox gives four hand-picked startups the team, tools, and resources needed to turn their early stage ideas into a revenue-generating reality. For more information, visit www.sproutbox.com.

About Cornerstone Information Systems
Cornerstone provides worldwide clients with technology and services that enable them to apply automation to the travel booking and reporting processes. Their goal is to help customers increase profit per booking and assist corporate clients in meeting their travel program objectives. For more information, visit www.ciswired.com.

About the BTP
The Bloomington Technology Partnership (BTP) is a collaborative initiative started in 2008 to foster the growth of Bloomington’s emerging technology sector and promote Bloomington as a place for tech employment and new business formation. The BTP was founded by the BEDC, City of Bloomington, Indiana University School of Informatics and Computing, and Bloomington technology employers. For more information, visit www.bloomingtontech.com.

MEDIA CONTACTS
Brad Wisler, Sproutbox, brad@sproutbox.com812.391.2734
Mat Orrego, Cornerstone Information Systems, morrego@ciswired.com812.320.1694
Katie Birge, Bloomington Technology Partnership, kbirge@bloomingtontech.com 812.335.7346