Founded in 2010, BoomStartup established itself as the top accelerator in Utah and is consistently recognized as a nationally-ranked accelerator.
At BoomStartup we help great startups find an optimal business model, create a minimal viable product that is revenue-ready, execute into revenue generation, and make connections to customers and investors.
Founded in 2010, as a founding member of the Global Accelerator Network (GAN), BoomStartup has shepherded over 170 companies through the rigors of launching a company, helping over 70% of them get funded at levels from $500K – $1.5 million. In total, program graduates have raised more than $48 million in seed capital.
BoomStartup operates as a technology-driven accelerator, providing entrepreneurs access to education, business plan guidance, mentor connections & insight, and trusted service providers through a user-friendly, cloud-based interface. These capabilities have been bolstered following the acquisition by Assure as our portfolio companies will now have access to the solutions, resources and connections of Assure’s industry-leading private markets platform.
Lean Startup methodology is the heart of our program. Through this approach, startups quickly learn what works and discard what doesn’t. We know from years of experience that this methodology helps startups build a minimum viable product (MVP) with maximum acceleration and less waste.
We believe that the mentorship-driven approach is a better way to start companies. The approach is based on a proven model that leverages mindshare across mentors and increases the chance of startups raising funds. It’s also a better way to invest in early-stage companies – reducing the risk profile and increasing the probability of company performance and exit.
Assure + BoomStartup Acquisition:
The BoomStartup acquisition allows Assure to provide accelerator services to a greater number of startups and also offer affordable, professional back-office services such as legal, bookkeeping, accounting and taxes to these companies. With BoomStartup’s SaaS-based platform integrated into Assure’s software offering, Assure will be able to leverage BoomStartup’s extensive database of 4,000 entrepreneurs and 400 investors/mentors to establish a platform that touches all of the life-cycle participants. Assure is committed to assisting its clients and users investing in the world’s best startups and companies, through a single seamless application, Glassboard.
Location
BoomStartup is headquartered in the offices of its parent company, Assure.co, which are located in the Cottonwood Heights area of Salt Lake City, Utah. With a thriving venture ecosystem, Salt Lake City and the surrounding areas of Park City and Provo, which have collectively earned the name “Silicon Slopes”, are home to startups, established unicorns (e.g. Domo), and tech giants (e.g. Adobe). In fact, Provo was recently named number 11 in “The 25 Best U.S. Cities for Tech Startups,” published by Entrepreneur magazine.
6510 Millrock Drive
Salt Lake City, UT
BoomStartup is proud to be GAN, a highly-curated community of independent accelerators, partners, and investors with one collective focus: Creating opportunities for startups around the world (i.e., you) to access the human and financial capital they need so that they can build powerful businesses and make a meaningful impact, wherever they call home. That means BoomStartup is among the more than 100 industry-best accelerators in the GAN Community—which span more than 120 cities and six continents across the globe.
Because BoomStartup is a GAN Accelerator, startups in our program get access to more than $1M in perks and discounts, opportunities to work out of any participating GAN Accelerator around the world for up to two weeks each, connections to corporate partners like UPS and Allstate, potential investment from GAN Ventures, and access to discounted mental health services.