Orange County Business Accelerator Signs Two New Innovators

New Windsor, N.Y. – January 10, 2011 – Orange County Business Accelerator is proud to announce it has signed two new clients in high-tech, high pay job clusters: Frugaldoo and Connected Contractors.

“We welcome these early-stage start-ups to the Accelerator with open doors,” said Managing Director Michael J. DiTullo. “These nimble innovation firms have chosen the Accelerator for its strategic location and access to a variety of networks and advisors. By teaming up with the Accelerator, they will now have the tools necessary grow their companies and soar into the New Year.”

Frugaldoo, the brainchild of two former Dow Jones executives, is creating a platform that will let shoppers instantly receive coupons and offers, while at the same time, offer a geo-targeted marketing tool for businesses. Shoppers will be able to utilize either their mobile phone’s SMS text messaging or mobile web capabilities to indicate what product or service they desire and moments later access appropriate coupons and offers from nearby merchants directly on their mobile device. Merchants can quickly create coupons and offers using the Frugaldoo web site and focus their advertising using geo-location proximity, time of day, day-of-week or total ad spend targets.

“The Accelerator allows you to be very flexible,” said Patrick Carr, president at Frugaldoo. “It’s ideal for entrepreneurs with a growing business.”

Connected Contractors puts contractors and other home improvement related companies in front of their target market and arms them with easy-to-use, low-cost, web-based software that streamlines operations and improves customer care. Homeowners can choose to use the software as a tool that helps to organize and track home improvement projects online, or simply browse the website for home improvement contractors, business services, information and products a project may require.

Jim Wagner, co-founder of Connected Contractors, said, “After attending several seminars at the Accelerator, it didn’t take long for us to realize that the professionals there have the kind of true understanding of what goes on in the trenches that can only be developed through personal, real-world experience. Moving into the Accelerator was clearly the easiest business decision we’ve made.”
With the new firms, the Accelerator now boasts 14 clients and tenants, employing over 40 people at its 4 London Ave., New Windsor, N.Y. office. These early-stage start-ups have the potential to create between 350 and 500 jobs in Orange County in the next five years.

DiTullo added, “Frugaldoo and Connected Contractors both bring great value to Orange County. They will help to create high-tech, high pay jobs in the digital information technology field and provide a wealth of knowledge to other clients at the Accelerator, part of a great symbiotic environment here at the Intersection of Capital, Talent… and Innovation.”

OCBA, located at 4 London Avenue in New Windsor, N.Y. at Stewart International Airport, is a business incubator program launched by the Orange County Industrial Development Agency (IDA). The incubator, 10,000 square feet of Class A high-tech research and development space, is designed to attract new entrepreneurial investment by providing businesses with below market occupancy costs, a menu of mentoring programs and a high-tech, plug-and-play office environment. For more information, please visit ocaccelerator.com

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