The NY venture ecosystem continues to grow stronger.

Owen Davis and NYCSeed recently led the charge in creating a new venture accelerator program called SeedStart. Here’s an overview of the program:

SeedStart--New York City based Summer 2010 Startup Program SeedStart will offer promising teams the chance to build a technology product and launch a company with the assistance of seed investment capital, mentorship and other resources. Companies will be selected through a competitive application process and each company will receive a $20,000 investment. Throughout the summer, companies will also receive mentorship from experienced New York City based venture capitalists and entrepreneurs, legal and business guidance, administrative help and technical assistance. At the end of the summer, venture capitalists and angel investors will be invited to an Investor Day where each team will present their product and launch their company. SeedStart will run for 8 weeks beginning in June of 2010.

The program has begun accepting applications and teams of at least two founders can apply at http://www.nycseed.com/seedstart.html by February 28, 2010 to be considered. For information, contact Owen Davis at owen@nycseed.com.