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Utah Valley University (UVU) has received a $500,000 grant aimed at bringing Shane Murphy’s entrepreneurial idea to life. His startup is an SMS marketing system for restaurants and seeks to help restaurants by putting their text marketing on autopilot.
Murphy and his team applied to startup accelerator Y Combinator, which has previously helped companies including Airbnb, DoorDash, Drabobo, Cura and Twitch. Y Combinator has accepted the application for their three-month program.
“I don’t think I slept much. [the night we were accepted]. I was on cloud nine,” Murphy said. “Y Combinator is like Harvard for startups. It’s a really great opportunity for us at Boostly. Doors have been opened in the vast network that is too difficult for us to open.
Twice a year, Y Combinator invests $500,000 in one company from a shortlist of startups. Selected companies spend three months kicking their startups into high gear, perfecting toys and creating new products.
“The timing to apply for investment has been good for us,” Murphy said. “We’re very excited to come in and have this opportunity.”
For the past 2 1/2 months, Murphy has been working with Y Combinator to accelerate it from a small startup to a thriving enterprise. It is one of the many companies that have found a home in the UVU Business Resource Center (BRC), a center dedicated to innovating start-up companies by providing much-needed and expensive office space in their infancy.
Business Resource Center director Peter Jay said Bostley was one of several companies whose leases BRC had terminated due to the Covid-19 outbreak.
“Our goal is to increase the chances of business success by teaching the right lessons and providing the right tools,” Jay said. We have the flexibility and space and services to provide exceptional care to these businesses and help them succeed.
Murphy is grateful to UVU for providing him with a flexible and relevant approach to education while working full-time. He is proud to be the eternal Wolverine.
“UVU offers those amazing opportunities for people who really work and still want to get a quality education,” Murphy said. “I’m very grateful to UVU and the structure they had before the world moved away.”
How to use the UVU Business Resource Center services By visiting their website.
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