Charlotte, NC (May 9, 2023) — Leantime, an open source project management tool built for non-project managers, today announced it has been selected to participate in the AWS Impact Accelerator Latino Founders Cohort, a technical, business, and mentorship program for Latino-led startups to help accelerate their cloud-native business. This opportunity will support Leantime’s efforts to expand their commercial offerings and to turn AI into the virtual project manager that allows people to keep doing what they do best – the work.
The AWS Impact Accelerator Latino Founders Cohort is part of the AWS Impact Accelerator, a program backed by AWS’ $30 million dollar commitment to provide underrepresented founders of early-stage startups equitable access to training, mentorship, tools, and resources to accelerate their cloud-native businesses.
The AWS Accelerator will help Leantime accomplish both short term and long term goals by providing critical knowledge, network support and infrastructure for its AI development efforts as well as funding to hire additional engineers.
“The tools out there aren’t built for people like me,” said Gloria Folaron, founder and CEO of Leantime. “I started a previous business and had no idea how to organize in a way to grow. The solutions out there are too complicated to learn for the speed in which we are moving in today’s world and now we can combine easy project management with an AI virtual project manager. ”
As one of 20 companies chosen for this opportunity, Leantime will receive up to $225,000 in non-equity investment and AWS credits, extensive training, mentoring and technical guidance, as well as introductions to Amazon leaders and teams, networking opportunities with potential investors, and ongoing advisory support.
“Latinos make up one in five people in the country, but are still significantly underrepresented when it comes to venture funding support to their businesses—receiving less than 2% of the venture capital invested in the market. This cohort of the AWS Impact Accelerator aims to highlight the viability and ingenuity of Latino-led startups, so the VC community can increase support to these founders,” said Howard Wright, Vice President and Global Head of Startups at AWS. “We’re looking forward to playing an active role in helping these companies turbocharge their growth through access to capital, experts, and all of the innovations that the AWS tech stack has to offer.”
For more information, visit AWS Impact Accelerator.
Leantime is an open source project management system for non-project managers. Combining a variety of best practices such as design thinking, lean and agile, Leantime provides a tool that doesn’t require any project management experience. Users get to define, plan and execute on their projects including defining project strategy, setting goals, ideating solutions, planning timelines and delivering on tasks.
The Leantime open source project was started in 2019 and has grown to one of the top open source project management systems with over 50,000 downloads and an active discord community.
The parent company Hyve5 Inc was founded in 2022 with the mission to support people being the most productive version of themselves and by extension provide commercial support for the development and expansion of Leantime. Leantime was recently awarded multiple grants: NC Idea Micro Grant and Charlotte’s Center for Entrepreneurship and Innovation Venture showcase.