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Grand Central Tech

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About


Transforming promising companies into extraordinary ones

GCT is a community of startups and strategic partners that breaks from the traditional accelerator model by providing an unparalleled value proposition.

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Accepted companies receive FREE office space for a YEAR with ZERO equity fee to participate. We surround these companies with the best possible resources in a program tailor-made to each. Our model looks something like this:


Attract best-of-breed startups focused on transforming their given industries and are savvy and accomplished enough to want to preserve their equity and initial capital. Above and beyond any of the other resources GCT provides, the trust, support and camaraderie of true peers is the most valuable.

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Provide an exhaustive package of perks and services that goes well beyond the standard, including access to an in-house recruiting team to source premier talent

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Bring to bear an influential Strategic Advisory Board, mentors and mentor companies, a broad network of interested VCs and Angels, and top-flight corporate partners

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We’ve done this successfully for years now. It’s a model that channels NYC’s unrivaled institutional advantages––Fortune 500 companies, top schools, preeminent advisors, global networks of investors––for the benefit of our community of startups with exemplary results.

Space


  • Grand Central Tech Space
  • Grand Central Tech Space
  • Grand Central Tech Space
  • Grand Central Tech Space

15,000 sq ft overlooking Grand Central Terminal

Facebook’s former NYC headquarters, our beautiful wide-open space in the heart of the city.

Partners


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Strategic Advisors

We’ve carefully assembled an exciting group of Strategic Advisors that are instrumental in selecting participating startups, providing guidance, and generally shaping our program. Our advisors come from a wide array of professional backgrounds, but all have a wealth of experience and deep connections throughout the technology landscape. An initial (though still growing) list is as follows:

Corporate Partners

Our Corporate Partners represent the very best of New York and global business. Facilitating two-way dialogue between emerging and established companies creates lasting benefit for both, and the broader NYC economy.

goggle
Pepsico
Micro
JP Morgan Chase

Goldman Sachs
IBM
Loreal
Verizon

mrm mccann

Growth Partners

Starting a company isn’t easy. And while some tasks are more vital than others, every company needs to be buttoned up when it comes to their foundational documents and term sheets, their tax and accounting policies, and their strategy for making themselves known to the world. The best way to cover these bases is by working with the pros. So we’ve assembled some of the best in the game:

Cornell tech
Programming Partner
Wilson Sonsini
Legal
Eisner Amper
Tax & Accounting
eastwick
Strategic Communications
general assembly
Community Partner
American Airlines
Travel
Gotham Source Partners
Recruiting

Educational Partners

Fostering the next generation of tech talent and broadening access to the benefits of the tech economy is in our DNA. We’ve partnered with some of NYC’s premier high schools to place their best recent graduates as interns with GCT companies and leverage the advice and influence of their alumni as mentors. We also work with and support a number of programs that bolster and expand STEM instruction and/or provide exposure to the NYC tech economy for talented young people from public schools around the city.

Code to work
Regis NYC School
Girls who code
Riverdale Country School
Trinity School
Choate Rosemary Hall

Ongoing Support


The first day a company starts at Grand Central Tech is the last day they have to worry about their real estate needs, doing away with a massive headache/distraction for the foreseeable future. In fact, you can think of GCT as just step one in what is a vertically integrated startup ecosystem addressing the needs of technology companies throughout their lifecycle.


Build is our 40,000 sq. ft. coworking space into which GCT companies graduate. Space is guaranteed here for GCT companies and offered at favorable rates, allowing our community to continue to grow and work together beyond their one year term at GCT. Build includes private office suites, open desks and plenty of separate spaces. Learn more here.


The Hub@GCT reflects GCT’s commitment to supporting entrepreneurs that are addressing the world’s most critical AND most lucrative challenges. Built in partnership with the NYC EDC, the Hub consists of 50,000 square feet of custom built, flexible office space offered at highly discounted rents to growth stage companies focused on Urban Tech and smarter city challenges. Learn more about the Hub here.


More broadly speaking, The Hub is representative of Grand Central Tech’s commitment to supporting our companies throughout their lifecycle including their “Growth stage” – the point at which they’ve outgrown traditional coworking spaces but are growing too unpredictably to sign a 5-10 year lease. For these types of companies we offer a variety of private office formats throughout the building ranging in size from 2,000 to 40,000 square feet.


All of our communities — GCT, Build, Hub@GCT — are purpose-built to work together often and collaboratively, constantly building and reinforcing one another to establish what is effectively a Center of Excellence for New York’s premier technology companies/entrepreneurs.

Mission


Grand Central Tech is guided by a two-part mission.

First, to create a single point of density of the best technologists and entrepreneurs in NYC by leveraging all of the ecosystem’s key advantages in their favor. In particular, it is our goal to not only accelerate them by removing headaches that otherwise encumber a startup (including space, legal, accounting, etc), but to provide them with the competitive advantages of access to customers, mentors, talent and investors. Drawing in the scale of resources from our corporate partners is a key component of driving these advantages. Success in this regard will increase the efficiency of the energy and resources being poured into innovation by both the corporate and startup worlds.

But we’re not doing this in a vacuum. We appreciate the socioeconomic opportunity inherent in the economic shift towards technology we’re undergoing and intend to ensure that the broadest possible range of beneficiaries stand to benefit from the energy and resources being poured into the tech sector, and the opportunities that are coming out of it. We do this by selecting for a diverse community of tech companies without in the least sacrificing on quality and then challenging/enabling that community to engage in good corporate citizenship via our code of conduct and a number of outreach efforts – most notably our signature internship program that draws in young people from across the socioeconomic spectrum and provides them internships with our member companies.

Last, in all cases, we would prefer to be working with and on technologies that are advancing the human condition; that are aiming for big, important goals… but which also have a credible path towards achieving them.

Portfolio


We’re thrilled to announce this year’s GCT class!

execthread
monthly gift
Envisagenics
Knock
Lately

stae
nineteenth amendment fashion
paladin
waypoint media
innovatively

Agent Q
ampathy
Api fortress
stay wanderful
nomad

Oh my green
credit union lending experience
tradefin

2015 Class

BAMx
Caliber
Cohero Health
Drilling Analytics
Common

concord
Source
iobeam
backtrace
innovatively

liquid text
Maven
Sage
Senvol
Ziel

Toymail
Wheelhouse
project september


2014 Class

Augmate
Caliber
Cohero Health
Drilling Analytics
Hitlist
Mast Mobile
Modalyst
Nagare
NGV
Ocho
Related Noise
Spokenlayer
Hopscotch
Synaptix
Vixxenn
vixxenn
social data collective

FAQ


Nope. Believe it. We only ask two things: One, to be a great community member and to take on at least one intern from our internship program. In the past, 85% of our interns have been offered ongoing, paid work with their companies. They are great. Two, to commit to staying in the building after your year in GCT provided doing so is not deleterious to your business. We’ve built a highly configurable, 40,000 square foot coworking space to fit your company’s needs as they grow and our rates are competitive with the market. Our intention in making this request is to maintain the most valuable asset you’ll acquire during your time at GCT – the camaraderie and support of your peers.
Because you will get access to absolute best-in-class resources at the best possible rates: FREE. Our community of mentors and advisers, the resources we’ve assembled, and the companies/potential customers and investors we will expose you to will give your company the very best chance possible at success. And, once your time in the Accelerator is completed, we have ensured you will retain connectivity to an enduring, supportive community focused on value creation and building the foundations for tech growth in New York City. Nothing like Grand Central Tech exists.
Yes.
You should apply as soon as your materials are ready. Applications will be reviewed and interviews will be conducted on a rolling basis. All applications are due by end of day April 28th (that’s 11:59pm EST).
We review every single application and conduct interviews where appropriate on a rolling basis beginning in April, running through May, with final decisions made in June.
GCT’s 2015 class will kick off the first week of July. The program will run through June of 2017.
Yes! We will host an open house on April 5th so you can meet the team and check out the space. Sign up for our mailing list and follow us on Twitter (@gctech) for updates.
We look at 5 key areas for each applicant: 1.) Team dynamic and composition 2.) Scope of the idea (We especially like big, important ideas attacking big, lucrative markets) 3.) Traction 4.) Strength of underlying technology 5.) Community fit
hello@grandcentraltech.com

Team