Crain's Detroit Business: Startup launched by University of Michigan undergrads accepted to prestigious accelerator program

By Ben Freed Business Reporter

Posted on Mon, Aug 27, 2012 : 5:22 p.m.

As the University of Michigan continues to push entrepreneurship, Crain’s Detroit Business reports that Fetchnotes, a startup company founded by five undergraduates, was accepted to the TechStars accelerator program in Boston.

Logo from umich.edu

Fetchnotes was launched last year and already has more than 19,000 users. The students will join 19 other ventures including companies from Israel, Slovenia, and Colombia in a program that awards $18,000 in seed money in return for six percent of equity in the company. According to TechStar’s website, the average funding for companies that have completed the program is approximately $1.5 million.

The company’s goal is to allow students to warehouse all of their notes in one central location that has multiple entry points. According to Crain’s, Fetchnote users can call, text, email, or type notes into accounts using a variety of tools. The program can also facilitate note-sharing between multiple users.

Click here to read the full story on Crain’s Detroit Business.

A web video from Fetchnotes showcases their new cloud storage: