dreamitDreamIt Ventures is now accepting applications for its DreamIt Austin 2015 class.

This will be the third year for the DreamIt Ventures program in Austin.

DreamIt Ventures offers a three-month accelerator program that helps startups to build strong business plans, develop strategic relationships and acquire customers.

So far, DreamIt Ventures has helped to launch 157 companies that have raised more than 4172 million in funding. DreamIt Ventures estimates the net worth of all the companies to be more than $525 million.

The DreamIt Ventures Austin companies each receive $25,000 in seed funding, plus the potential of up to $250,000 in follow-on funding. Teams also receive mentoring and access to industry-specific resources and potential beta customers. Meetings with DreamIt’s managers. The opportunity to present to investors at Demo Day, free legal services and office space and more.

Founding Partner Steve Welch, CEO Kerry Rupp and Dana Rygwelski, director of programs, will lead the Austin program, which will run from Jan. 8th to April 17, 2015.

Applications are due Nov. 7.