When Chris Thompson and Will Green decided to turn their idea into a business, they thought they’d be building a smart phone application that could detect car crashes. Less than six months later, the two are eyeing a not-too-distant launch date for a cigarette lighter adapter that detects wrecks and notifies emergency services and a driver’s loved ones.
The concept for SplitSecnd shifted and developed quickly, they said, thanks to their participation in early-stage funding program JumpStart Foundry and the Nashville Entrepreneur Center’s incubation program. Shortly before the two graduated from Vanderbilt University this past May, they got hooked up with JumpStart, which awarded them $15,000 in seed funding and mentorship of some successful Nashville entrepreneurs.
(Disclosure: JumpStart is an initiative of venture capital firm Solidus Co., which is a shareholder in SouthComm, the parent of NashvillePost.com.)
When the EC opened in July, Thompson and Green joined the incubator program to get additional support in building SplitSecnd. And, as of early October, the two had a working prototype of their product, progress on marketing and distribution partners, and most of an investor pitch they hope will secure additional capital. They’re hoping to have their product in Best Buy by the second quarter of next year.
“It’s kind of crazy to think that in about a year, we’ve gone from an idea to 10,000 units in a Best Buy warehouse,” Thompson said.
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