RS DesignSpark Accelerate Program
Fort Worth-based Allied Electronics & Automation, a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, announced on Monday the new RS DesignSpark Accelerate program.
Based at the RS DesignSpark Innovation Center in Bryan-College Station, the new incubator program will provide startup companies involved in hardware and software solutions relevant to RS Group markets and technologies with a significant slate of benefits, including up to $50,000 of in-kind funding.
Accelerate will provide the opportunity to fast-track design cycles with access to intuitive software, professional products, and a dedicated environment tailored to each company's needs. With guidance from talented engineers, innovators, and business entrepreneurs, each startup can be scaled for global launch and graduate the program having realized the next step of their product development.
“One of my passions is transforming creative ideas and strategies into tangible products, so I am absolutely thrilled to be a part of RS Group's DesignSpark team and for the opportunity to help entrepreneurs advance their business technologies and strategies,” said Nash Porter, program director, in a statement. “I believe the Accelerate program will provide young businesses with excellent growth opportunities as well as provide unique resources for local economic development.”
Applicants will pitch their concepts to technology leaders within the RS DesignSpark organization, and the successful startups will join the Accelerate program at the RS DesignSpark Innovation Center in Bryan-College Station.
In addition to private office space, facilities include an expanding design center, coworking spaces, corporate meeting spaces, and an on-site gym. Participants will also benefit from access to RS Group's industrial network of manufacturers, suppliers, and customers for investigating product market fit, and on-site and virtual mentorship to guide their venture to its full potential.
Interested parties should apply here.
Allied Electronics & Automation is a leading global omni-channel industrial product and service solutions provider to customers who are involved in designing, building, and maintaining industrial equipment and operations, safely and sustainably.
RS Group stocks more than 700,000 industrial and electronic products, sourced from over 2,500 leading suppliers, and provides a wide range of product and service solutions to over 1.2 million industrial customers. With operations in 32 countries, RS Group trades through multiple channels and ship nearly 60,000 parcels daily.
In the fiscal year that ended March 31, 2022, RS Group reported revenue of $3.3 billion.
In the first quarter of 2023, Allied will rebrand to "RS." The new global RS brand will establish a better connection across RS Group's products and services and deliver efficiency, value, and scalability to stakeholders worldwide.