startup school: the xconomy guide to venture incubators ...€¦ · xconomy.com 1 © 2011 xconomy,...

35
XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited. XCONOMY is a registered service mark of Xconomy, Inc. Xconomy started with the aim of identifying areas of explosive growth in business and innovation. Well, we were on to something when we first introduced the Xconomy Guide to Venture Incubators in 2009. That first year we included 20 pro- grams on our list. Last year that number bumped up to 34. And this year, we have identified a whopping 64 programs across the U.S. that we count as startup incubators, even after dropping seven from last year’s list. (Entries marked in green are new.) With previous incubator guides, we’ve noted that many entrepreneurs have a desire for strong community and mentorship while building their companies. To that end, some of the programs in this guide offer a boot- camp–style environment and culmi- nate in a big day of presentations to potential investors. Others charge for workspace, but offer educational pro- gramming, networking, technology, and various services to resident en- trepreneurs. Many take equity in the startups they nurture, and others offer grants and loans with no strings at- tached. Some have strong ties to uni- versities and are on college cam- puses. This range of programs is what we’ve sought to capture in this year’s guide. Whatever the form, though, we’ve held firm to the re- quirement that incubators must offer more than desks, WiFi, and casual mentorship to be included on our list. The boom in incubators can be seen as both organic and planned. This year, local and national governments started paying more attention to startup creation and growth. You can see that with programs like President Obama’s Startup America Partner- ship, and the slew of incubators that the city of New York has funded or helped launch. Boulder, CO-based TechStars announced it was offering a template for other programs looking to use its model, through what’s called the TechStars Network. This Network includes several incu- bators listed in previous guides (like Providence, RI-based Betaspring), but it has also resulted in the addition of more than 10 new incubators to our list. Some, like Tampa Bay, FL- based Gazelle Lab, got their start this year; others, like Launchpad LA, have been around for a few years but had previously escaped our radar. We also opened this year’s guide to programs like Seattle-based Accel- erator. Such groups provide longer- term support and bigger checks (think $3 to 4 million) to a smaller group of startups than the more common TechStars or Y Combinator model of offering roughly $20,000 and a few months’ training to a dozen or more startups. While the number of com- panies they nurture is smaller, this breed of incubator plays an important role in launching companies. It’s worth noting that several of the incubators focus on specific sectors, like cleantech (CleanLaunch, Green- start, and NYC ACRE), life sciences (Accelerator, Downstate, Blueprint Health, and QB3), health IT (Rock- Health), and gaming (Joystick Labs). Several incubators included in previ- ous guides expanded to new cities: we’ve tracked these as well. Mean- while, we included new programs in emerging tech hubs like New York, and in cities less known for their startup community, like Greenville, SC, and Bloomington, IN. As mentioned, we’ve added 37 new programs this year, and removed seven that were either defunct, rolled into other initiatives, or evolved to function more like funds than incuba- tors. Summer@Highland, on hiatus in 2010, is back this year, and another from last year, Bootup Labs, is on pause but hoping to return soon. All programs are listed alphabetically, with a state index on the last page. So enjoy this year’s guide. And please let us know about any additions or corrections you think are warranted ([email protected]). ! Xconomy.com Startup School: The Xconomy Guide to Venture Incubators, 2011 Edition Erin Kutz, 7/26/11 Buyer: Erin Kutz ([email protected]) Transaction ID: jg-lozuvk3892078e6

Upload: others

Post on 21-Feb-2021

2 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 1

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Xconomy started with the aim of

identifying areas of explosive growth

in business and innovation. Well, we were on to something when we first

introduced the Xconomy Guide to

Venture Incubators in 2009.

That first year we included 20 pro-

grams on our list. Last year that

number bumped up to 34. And this year, we have identified a whopping

64 programs across the U.S. that we

count as startup incubators, even after dropping seven from last year’s list.

(Entries marked in green are new.)

With previous incubator guides,

we’ve noted that many entrepreneurs

have a desire for strong community

and mentorship while building their companies. To that end, some of the

programs in this guide offer a boot-

camp–style environment and culmi-nate in a big day of presentations to

potential investors. Others charge for

workspace, but offer educational pro-

gramming, networking, technology, and various services to resident en-

trepreneurs. Many take equity in the

startups they nurture, and others offer grants and loans with no strings at-

tached. Some have strong ties to uni-

versities and are on college cam-puses. This range of programs is

what we’ve sought to capture in this

year’s guide. Whatever the form,

though, we’ve held firm to the re-quirement that incubators must offer

more than desks, WiFi, and casual

mentorship to be included on our list.

The boom in incubators can be seen

as both organic and planned. This

year, local and national governments started paying more attention to

startup creation and growth. You can

see that with programs like President

Obama’s Startup America Partner-ship, and the slew of incubators that

the city of New York has funded or

helped launch. Boulder, CO-based TechStars announced it was offering

a template for other programs looking

to use its model, through what’s called the TechStars Network.

This Network includes several incu-

bators listed in previous guides (like Providence, RI-based Betaspring),

but it has also resulted in the addition

of more than 10 new incubators to our list. Some, like Tampa Bay, FL-

based Gazelle Lab, got their start this

year; others, like Launchpad LA,

have been around for a few years but had previously escaped our radar.

We also opened this year’s guide to programs like Seattle-based Accel-

erator. Such groups provide longer-

term support and bigger checks (think $3 to 4 million) to a smaller group of

startups than the more common

TechStars or Y Combinator model of

offering roughly $20,000 and a few months’ training to a dozen or more

startups. While the number of com-

panies they nurture is smaller, this

breed of incubator plays an important role in launching companies.

It’s worth noting that several of the incubators focus on specific sectors,

like cleantech (CleanLaunch, Green-

start, and NYC ACRE), life sciences

(Accelerator, Downstate, Blueprint Health, and QB3), health IT (Rock-

Health), and gaming (Joystick Labs).

Several incubators included in previ-

ous guides expanded to new cities:

we’ve tracked these as well. Mean-while, we included new programs in

emerging tech hubs like New York,

and in cities less known for their

startup community, like Greenville, SC, and Bloomington, IN.

As mentioned, we’ve added 37 new programs this year, and removed

seven that were either defunct, rolled

into other initiatives, or evolved to

function more like funds than incuba-tors. Summer@Highland, on hiatus

in 2010, is back this year, and another

from last year, Bootup Labs, is on pause but hoping to return soon. All

programs are listed alphabetically,

with a state index on the last page.

So enjoy this year’s guide. And please

let us know about any additions or

corrections you think are warranted ([email protected]). !

Xconomy.com

Startup School: The Xconomy Guide

to Venture Incubators, 2011 Edition Erin Kutz, 7/26/11

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 2: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 2

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

500 Startups http://500startups.com/accelerator/

Location: Mountain View, CA

Founded: 2010

Teams accepted per year: Varies

Investment/stipend: $25,000 to $100,000 Equity stake required: Around 5 percent

Application info: Applications are invitation only

Application deadline: Not disclosed Past and current companies: Baydin, BugHerd, LaunchBit, Punchd, Rewardli, Snapette, Spoondate, Vayable,

Zerply, and more

Self-description: "The 500 Startups Accelerator experiments with early-stage startup formulas for explosive growth with a mixture of up to $100K in funding, superhuman mentors & designers in residence, platform-

specific strategies for customer acquisition, a creative workspace and more..."

Xconomy coverage:

"488 To Go? Dave McClure’s 500 Startups Unveils New Incubator With 12 Startups," February 20, 2011 http://www.xconomy.com/san-francisco/2011/02/10/488-to-go-dave-mcclures-500-startups-unveils-new-

incubator-with-12-startups/

Accelerator

http://www.acceleratorcorp.com/

Location: Seattle, WA Founded: 2003

Teams accepted per year: Varies

Investment/stipend: Between $3 million and $4 million Equity stake required: Not disclosed

Application info: E-mail an executive summary to [email protected]

Application deadline: Rolling Past and current companies: Oncofactor, Acylin Therapeutics, XORI, Groove Biopharma, Allozyne, Integrated

Diagnostics, Theraclone Sciences, VLST, and more

Self-description: "Accelerator Corporation, founded in 2003, is a vehicle for disciplined and efficient investment in

and management of emerging biotechnology opportunities. Located in Seattle, Washington, the company identifies, evaluates, finances, and manages ground-breaking emerging life sciences opportunities. The company has established

and built a largely proprietary array of sources of deal flow, as well as a key set of resources to bring to bear in the de-

velopment of the best opportunities emerging from those sources. These key resources, provided by Accelerator and its Affiliates—Amgen Ventures, ARCH Venture Partners, OVP Venture Partners, PPD, Inc., WRF Capital, Alexandria

Real Estate Equities, Inc., and the Institute for Systems Biology—include committed investment capital, state-of-the-art

facilities, world-class scientific and technical expertise and support, and experienced start-up management."

Xconomy coverage:

"An Accelerator, By Any Other Name…Does Not Smell as Sweet," August 11, 2008

http://www.xconomy.com/seattle/2008/08/11/an-accelerator-by-any-other-namedoes-not-smell-as-sweet/

"Accelerator Slowed Down in 2009, Expects to Rev Back Up in 2010," January 27, 2010 http://www.xconomy.com/seattle/2010/01/27/accelerator-slowed-down-in-2009-expects-to-rev-back-up-in-2010/

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 3: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 3

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

AlphaLab (member of the TechStars Network) http://www.alphalab.org/

Location: Pittsburgh, PA

Founded: 2008

Teams accepted per year: 12 (2 classes of 6)

Investment/stipend: $25,000 Equity stake required: 5 percent

Application info: http://alphalab.org/survey_overview.aspx

Application deadline: April 4 (in 2011, future deadlines TBA) Past and current companies: AJAX Street, BlenderHouse, Black Locus, Chogger, Fooala, LeftRight Studios,

The Resumator, Skill-Life, and more

Self-description: "AlphaLab is the startup accelerator created by Innovation Works to help capital-efficient startup companies launch quickly and successfully. Twice a year up to six companies in the software, web, mobile, enter-

tainment technology, or hardware space are selected to participate in an intensive 20-week program. During these

weeks companies will rapidly iterate on their products and work with mentors, advisors, and the AlphaLab team to

hone their business models. The program culminates in the AlphaLab Demo Day: a chance for companies to pitch what they’ve been working on to angel investors, VCs, and press outlets from around the nation."

AngelPad

http://angelpad.org/

Location: San Francisco, CA

Founded: 2010

Teams accepted per year: Up to 30 (2 classes of 15) Investment/stipend: $20,000

Equity stake required: A small amount of common stock, according to AngelPad website

Application info: http://angelpad.org/more/

Application deadline: May 1 (for summer 2011, future deadlines TBA) Past and current companies: Adku, Crittercism, EggCartel, Hopscotch, LocBox, RollCall, and more

Self-description: "AngelPad is a mentorship program founded by a team of ex-Googlers to help technology startups build better products, attract seed funding and grow more successful businesses. Twice a year, we provide an exten-

sive mentorship program to carefully selected startups, during the course of 10 weeks, in our San Francisco office. Companies typically receive $20,000 in exchange for a small amount of common shares. The 10 weeks program

covers all aspects of a company launch—from idea to product, market fit, customer acquisition and fundraising. We

also take care of the less glamorous things like incorporation, immigration visas or setting up books. A strong em-

phasis is also put on helping founders to prepare for demo day, which occurs towards the end of each program and allows companies to present their idea/vision/product to several hundred investors. During the course of the pro-

gram, we also receive guest speakers and host several events as different as intensive "angel days" and relaxed min-

gling happy hours. The program does not end at demo day though. Mentors are extremely involved in helping start-

ups in their fundraising efforts. All founders also become part the AngelPad alumni network."

Xconomy coverage:

"At AngelPad Demo Night, Ex-Googlers Share Plans to Overhaul the Web," November 11, 2010

http://www.xconomy.com/san-francisco/2010/11/11/at-angelpad-demo-night-ex-googlers-share-plans-to-

overhaul-the-web/ "‘Changing the Way We Start Companies’: Q&A with AngelPad's Thomas Korte," November 15, 2010

http://www.xconomy.com/san-francisco/2010/11/15/changing-the-way-we-start-companies-qa-with-angelpads-thomas-korte/

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 4: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 4

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Ann Arbor SPARK Incubator Network http://www.annarborusa.org/business-accelerator

Location: Ann Arbor, MI; Ypsilanti, MI; and Plymouth, MI

Founded: 2007

Teams accepted per year: Varies depending on the facility and the stay of each company

Investment/stipend: Up to $50,000 in consulting and business development services Equity stake required: None

Application info: http://www.annarborusa.org/business-accelerator/consulting-services/business-idea-submission

Application deadline: Rolling Past and current companies: 3D Biomatrix, Advanced Battery Concepts, bridgeSpeak, ERT Systems, INVIA,

LearningBridge, Local Orbit, MemCatch, Surgimatix, TerraSeer, and more

Self-description: "The SPARK Business Accelerator does exactly what the name implies: it speeds up the devel-opment of start-ups in the region with a variety of valuable services. It is an exceptional business resource de-

signed to shorten the time required to attract capital, customers, or other resources. Building a dynamic and entre-

preneurial environment is all about working together and sharing a vision. Whether you need business introduc-

tions, site selection assistance or the basics of how to start a business, Ann Arbor USA has the resources you need. Unique services designed to mentor and accelerate start-up businesses are available through the SPARK

Business Accelerator. We encourage you to take advantage of the many free and low-cost resources available to

help the development of your innovation-based business start-up. All of the programs and services outlined below are available through Ann Arbor SPARK."

Xconomy coverage:

"Five Companies Picked To Slug it Out for Ann Arbor SPARK Incubator Space," May 24, 2010 http://www.xconomy.com/detroit/2010/05/24/five-companies-picked-to-slug-it-out-for-ann-arbor-spark-

incubator-space/

Ansir Innovation Center http://aicenterca.com/

Location: San Diego, CA

Founded: January 2011

Teams accepted per year: 10 to 20 Investment/stipend: Varies, seed funding to Series A

Equity stake required: 3 percent to 8 percent on average

Application info: http://aicenterca.com/apply

Application deadline: Rolling Past and current companies: Cognionics and EcoLayers

Self-description: "Ansir Innovation Center (a.k.a. AI Center) is a start-up accelerator focused on incubation,

commercialization, and globalization of local innovations. Beyond office, industrial, and lab space, we offer men-torship and access to business and investor resources to assist startups to achieve success faster. AI Center pro-

vides practical solutions for start-ups to accelerate; this includes series of workshops, programs, hackathons that

educate startups. We also offer a unique venture manufacturing (VM) model where we invest manufacturing capi-

tal to hardware startups coupled with venture capital."

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 5: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 5

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Austin Technology Incubator

http://ati.utexas.edu/

Location: Austin, TX

Founded: 1989

Teams accepted per year: 5 to10

Investment/stipend: None, ATI offers guidance and infrastructure support Equity stake required: None

Application info: http://ati.utexas.edu/entrepreneurs/apply/application

Application deadline: Rolling Past and current companies: Amatra, Ravel, Omni Water Solutions, NanoLite Systems, Xeris, ihiji, Eonsil, So-

lavicta, and more

Self-description: "The Austin Technology Incubator harnesses business, government and academic resources to provide strategic counsel, operational guidance, and infrastructure support to its member companies to help them

transition into successful, high growth technology businesses. Since its founding in 1989, ATI has worked with

over 200 companies, helping them raise over $750 million in investor capital. Over the past three years of the

"Great Recession," ATI has incubated over 50 companies and helped them raise over $70 million in investor capi-tal; during that same 3 year period, ATI alumni companies realized over $300 million in exit value. Roughly 75%

of companies admitted into ATI membership subsequently receive funding. ATI is a program of the IC" Institute

of The University of Texas at Austin. It has a dual mission: promote economic development in Central Texas through entrepreneurial wealth and job creation, and provide a "teaching laboratory" in applied entrepreneurship

for UT-Austin students. ATI works closely with other commercially-focused and business-building programs at

The University."

Berkeley Ventures http://www.berkeleyventures.com/

Location: Berkeley, CA

Founded: 2009 Teams accepted per year: Flexible

Investment/stipend: Seed money is available for select companies

Equity stake required: Between 3 percent and 9 percent Application info: http://www.berkeleyventures.com/apply

Application deadline: Rolling

Past and current companies: Proxpur Labs, Blaze Mobile, Shastic, CodeEval, Power2Switch, FI Info Net,

WAPIS, Virtual Labs, and more Self-description: "Berkeley Ventures is an accelerator which helps serious entrepreneurs bring their innovations

to the world. We are focused on helping startups in sectors including, but not limited to, internet, software, mo-

bile, clean energy, and gaming. We offer access to mentors and advisors, introductions to investors, incubator space, connections to local talent/resources, and a year round program to help these companies grow. We are cur-

rently accepting applications for companies that are seeking mentorship and seed funding."

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 6: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 6

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

BEST (NYU-Poly) http://www.poly.edu/business/incubators/best/resources

Location: Brooklyn, NY

Founded: 2004

Teams accepted per year: Varies. NYU-Poly accepts 10 to 30 companies across its incubator network of BEST,

DUMBO, NYC ACRE, and Varick Street Investment/stipend: None. Companies based on NYU-Poly intellectual property receive space and services at

low or no cost. A license agreement must be in place. Other companies pay a higher rate of $300 per month to

access the space and services such as marketing and commercialization assistance, funding recommendations, and administrative services.

Equity stake required: None

Application info: http://www.poly.edu/business/incubators/apply Application deadline: Rolling, leases are typically around six months

Past and current companies: August Ninth Analyses, ChromoSense, NIRx Medical Technologies, Polytechnic

Design Seminar, Transcendent Enterprise, Zignage, and more

Self-description: "BEST breeds blossoming firms, helping them to survive and grow during the start-up period when they are most vulnerable. BEST’s (Brooklyn Enterprise on Science and Technology) mission is to provide

an educational environment that stimulates the establishment and growth of science- and technology-based start-

up and spin-off companies. We expand Brooklyn's existing industry base and attract high technology industry to the region in order to create jobs and enhance economic development. BEST provides: full-service marketing and

a sales network, intellectual property commercialization, guidance with developing business plans, access to busi-

ness advisors and NYU-Poly professors, funding recommendations, networking opportunities, access to patent attorneys, and a student patent program."

Betaspring (member of the TechStars Network) http://www.betaspring.com/

Location: Providence, RI Founded: 2009

Teams accepted per year: 8 to 12

Investment/stipend: Up to $20,000 in seed capital Equity stake required: 6 percent to 10 percent of common stock

Application info: http://betaspring.com/apply

Application deadline: April 1 (in 2011, future deadlines TBA)

Past and current companies: DiJiPOP, NuLabel Technologies, Manpacks, Accelereach, Leotus, Feed My Future, Tracelytics, and more

Self-description: "Betaspring is a Providence-based mentorship-driven startup accelerator program for young

technology and design entrepreneurs who are ready to build a product, launch a company, and change the world. Competitive entrepreneurial teams from around the world come to Providence, RI, for our intensive twelve week

program. During these twelve weeks, we help teams transform themselves into functional, fundable companies by

providing mentorship, kickoff funding, and immersion in an intense startup community of like-minded entrepre-

neurs. At the end of the program teams have the opportunity to present their company to investors from the Bos-ton, New York corridor during our Demo Day event."

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 7: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 7

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Xconomy coverage:

"Betaspring Unveils First Class of Startup Groups in Providence, Plans Micro-Seed Fund Akin to Y Combinator,"

August 28, 2009

http://www.xconomy.com/boston/2009/08/28/betaspring-unveils-first-class-of-startup-groups-in-providence-plans-micro-

seed-fund-akin-to-y-combinator/ "How I Spent My Summer in Startup Boot Camp," September 24, 2010

http://www.xconomy.com/boston/2010/09/24/how-i-spent-my-summer-in-startup-boot-camp/

Better Labs http://www.betterlabs.net/

Location: San Jose, CA

Founded: 2008

Teams accepted per year: Varies Investment/stipend: None; Better Labs provides startups with product development assistance

Equity stake required: Negotiable

Application info: http://www.betterlabs.net/Contact-Betterlabs Application deadline: Rolling

Past and current companies: Fliptop, Inboxxed, Nichebusters, Nurture, OrderCup, Ready Contacts, Simplewall,

and Voottoo

Self-description: "Better creates products to address large market opportunities via an unique process of early bootstrapped incubation and customer development with a focus on getting to the first $500k in revenues without

venture financing. We believe this forces a disciplined approach to refining product as well as customer acquisi-

tion strategy. BetterLabs is our core incubation team that is made of a combination of software engineers, server engineers, social media analysts, search engine optimization experts, designers and inside sales analysts. We work

with our own product ideas as well as with select early stage founders who leverage our unique model to create

their minimum viable product and validate their market opportunity. Better is led by Vaibhav Domkundwar and is privately held with offices in San Jose, California and Pune, India."

Blueprint Health (member of the TechStars Network) http://www.blueprinthealth.org/

Location: New York, NY Founded: 2010

Teams accepted per year: 20 (2 sessions of 10)

Investment/stipend: $20,000 Equity stake required: 6 percent

Application info: http://www.blueprinthealth.org/index.php?page=application

Application deadline: Rolling

Past and current companies: None yet; Blueprint has not graduated its first class Self-description: "Blueprint Health is a health and wellness startup accelerator based in New York City. Our

mentor network is made up of over 60 successful health entrepreneurs, investors, and executives. We offer an in-

tensive three-month program and provide $20,000 of seed capital, extensive industry specific mentorship and a shared work environment."

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 8: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 8

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Bizdom U http://www.bizdom.com/

Location: Detroit, MI, and Cleveland, OH

Founded: 2007

Entrepreneurs accepted per year: 40 (2 sessions of 20)

Investment/stipend: $10,000 plus $4,500 per founder Equity stake required: 8 percent

Application info: http://www.bizdom.com/apply

Application deadline: August 5 (for fall 2011 Detroit session; future deadlines TBA); August 19 (for fall 2011 Cleveland session; future deadlines TBA)

Past and current companies: Launch Learning Group, Dermanaut, JimmyKicks, Circa1837, Wedit, Campus-

Commandos, and CoreMerchant Self-description: "Bizdom is an entrepreneurship accelerator. We train, mentor and fund aspiring entrepreneurs to

launch innovative, growth-oriented startups in Detroit and Cleveland through two distinct programs: the Idea Generator

and Launch Labs. Idea Generator Great ideas are a dime a dozen. But most people don’t know how to take their idea

and turn it into a well developed, client focused business concept. That’s where we come in. We will train you on how to break down your idea and turn it into a business or to go back to the drawing board if the model doesn’t prove out.

Training is offered two—3 nights a week, and 1 or 2 Saturdays over an 8-week period. By the end of the training, as-

suming your business model proves out, you have the opportunity to pitch for seed funding from the Bizdom Fund and launch your business in the Launch Labs accelerator. Entrepreneurs who have a well developed, client focused, scal-

able business idea and are ready to build the demo, prototype or full fledged business can pitch for an opportunity to

join Launch Labs. During the 3 months, you’ll launch your business in a collaborative incubator, receive relevant train-ing in Sales, Marketing & Business, and get real time coaching and feedback from seasoned business experts, entrepre-

neurs, sales, marketing and technology experts. At the end of the program, we’ll put you in a room with multiple inves-

tors to pitch for the funding necessary to blow up your business to the next level."

BoomStartup (member of the TechStars Network) http://www.boomstartup.com/

Location: Orem, UT, and Salt Lake City, UT

Founded: 2010 Teams accepted per year: 10

Investment/stipend: Up to $15,000

Equity stake required: About 6 percent

Application info: http://www.boomstartup.com/apply/ Application deadline: Early deadline March 10, final deadline April 18 (in 2011; future deadlines TBA)

Past and current companies: 3PointData, Bazari, Case Rover, The Fashion Genome Project, IActionable, Mash-

Worx, O-Codes, CircleFive, FaceTags, VuTherapy, and more Self-description: "BoomStartup is a mentorship-focused investor program focusing its efforts on providing

money, mentors, and markets for its energetic tech entrepreneur participants. We mentor tech startups from idea-

tion through execution. "The purpose of BoomStartup is to help great tech ideas find an optimal business model,

create a minimal viable product that is revenue-ready, execute into revenue generation, and then make connec-tions to customers and investors. The goal is that the companies at the end of the summer program will warrant

investment from angel investors, venture capitalists, and banks. BoomStartup’s mentors have included founders

and key individuals from companies including Omniture, Cisco, Skull Candy, Altiris, and many more."

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 9: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 9

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Bootup Labs http://bootuplabs.com/

[Note: The program has no plans for accepting a new cohort at this time, but its website indicates that may change in the

future. Information below is based on the 2010 program.]

Location: Vancouver, BC

Founded: 2008 Teams accepted per year: Up to 12

Investment/stipend: Up to $100,000 line of credit, convertible to equity

Equity stake required: 5 percent, plus another 10 percent for companies that use up their line of credit Application info: http://bootuplabs.com/apply

Application deadline: Bootup accepts up to 6 companies each for its January and May cohorts; admissions are rolling.

Past and current companies: AdHack, Layerboom, Compass Engine, Foodtree, Summify, Dimerocker, Contractu-ally, and Letsgofordinner.com

Self-description: "Bootup Labs is a hybrid startup accelerator and seed fund in Vancouver, BC that helps foun-

ders take their ideas "from concept to company." Bootup Labs recruits promising entrepreneurs and provides

mentorship and financing to help define their business and secure venture financing. Our eight month program is designed to help you get to the next level with your company. Bootup Labs has invested in, and mentored 8 com-

panies between January 2009 and January 2010."

Brandery (member of the TechStars Network) http://brandery.org/

Location: Cincinnati, OH Founded: 2010

Teams accepted per year: 8

Investment/stipend: $20,000 Equity stake required: 6 percent diluting warrant

Application info: http://brandery.org/apply/

Application deadline: Typically June 1 Past and current companies: Giftiki, Idea Rally, LifeBlinx, turboBOTZ, VenturePax, VenueAgent, and more

Self-description: "The Brandery is a seed stage consumer marketing venture accelerator. We run a three-month-

long program in Cincinnati, Ohio that is focused on turning your great idea into a successful, brand-driven start-

up. Started in 2010, we annually select 5 companies for our program, with each receiving $20,000 in seed fund-ing, three months of mentorship, and the opportunity to pitch to angel investors and venture capitalists at the end

of the program."

Capital Factory http://www.capitalfactory.com

Location: Austin, TX Founded: 2009

Teams accepted per year: 5

Investment/stipend: Up to $20,000, plus $20,000 in free services Equity stake required: 5 percent

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 10: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 10

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Application info: http://www.capitalfactory.com/apply.html Application deadline: March 27 (in 2011; future deadlines TBA)

Past and current companies: CubitPlanning, FamiGo, Hourville, petsMD, Hurricane Party, Smackages, Recy-

cleMatch, Simpz, Corkshare, and more

Self-description: "Capital Factory is an early stage accelerator program for tech startups that provides a small amount of seed capital and weekly mentoring sessions by entrepreneurs who have founded successful companies. Startup com-

panies apply to participate in our 10 week summer program intended to get a startup pointed in the right direction with

a clear path to profitability and growth. In 2011 the program runs from May 25th to August 11th. On September 7th, we will host more than 250 investors and entrepreneurs for Demo Day and stream it live over the Internet."

CleanLaunch Technology Incubator http://www.cleanlaunch.com/

Location: Denver, CO

Founded: 2009, as a spinout from the incubator program CTEK Teams accepted per year: Varies

Investment/stipend: $1,500 per month stipend, companies typically stay in the program for 6-12 months

Equity stake required: Varies based on how long the company is in the program

Application info: http://www.cleanlaunch.com/register_client.aspx Application deadline: Rolling

Past and current companies: GoSmart Technologies, In2 Networks, Bye Energy, EcoVapor Recovery Systems,

BiO2 Solutions, GreenGrid Partners, American Electric Vehicles, Iron Edison, and more Self-description: "Located at the heart of the Colorado cleantech community in the Center for Renewable Energy

and Economic Development at the National Renewable Energy Lab, CleanLaunch's mission is to stimulate the

development and success of early-stage companies who will provide the next generation of clean, renewable, and efficient energy technologies. CleanLaunch helps companies assemble solid management teams, secure adequate

funding, and accelerate the commercialization of sound product ideas into the market."

CONNECT Springboard http://www.connect.org/springboard/

Location: San Diego, CA

Founded: 1993 Teams accepted per year: 180 to 200

Investment/stipend: None; Springboard is a free mentoring program that gives startups access to investors through

its Venture Roundtable events, and partnership with the Tech Coast Angels and individual investors

Equity stake required: None; Springboard takes no stake in order to remain objective in the advice it gives companies. Application info: http://www.connect.org/connect/index.php?option=com_rsform&formId=6&Itemid=99999

Application deadline: Rolling

Past and current companies: Biomatrica, Benchmark Revenue Management, ElliptiGO, and more Self-description: "Springboard, CONNECT's flagship program, is a business creation and development program.

Innovators at all stages from lab to global bridges receive hands-on mentoring by successful CEOs, CFOs and

CMOs in our Entrepreneurs-in-Residence Program. As part of the coaching process, CONNECT has an active cadre of more than 1,000 domain experts. This group is available to provide advice on your business model, mar-

keting plan, financial model and projections, intellectual property, valuation, due diligence, financing, industry

feedback or to provide valuable introductions to potential clients or strategic alliances."

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 11: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 11

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Dogpatch Labs http://dogpatchlabs.com/

Location: Cambridge, MA; New York, NY; San Francisco, CA; and soon to be Dublin, Ireland

Founded: 2008

Teams accepted per year: Varies

Investment/stipend: None; benefits include office space and mentoring, though a few alumni startups have received Polaris funding.

Equity stake required: None

Application info: http://dogpatchlabs.com/about/ Application deadline: Rolling

Past and current companies: AllTrails, Appjet, ArtVenue, AssuredLabor Brizzly, EGG HAUS, Localytics, LO-

Lapps, TxtEagle, play140, Poken, Proper Cloth, Stickybits, Trazzler, and more Self-description: ""Dogpatch Labs was created by Polaris Venture Partners to connect entrepreneurs and help

founders conceive and launch startups. We offer desk space, bandwidth, coffee and lunch to aspiring entrepre-

neurs. Our locations are wide-open, fun spaces that we respectively share with local startups. They are sorta like

frat houses for geeks.But we are much more than a physical space—we are a community of like minded entrepre-neurs who share a spirit of ‘open source entrepreneurship,’ the idea that, particularly at the very earliest of stages,

we all benefit by fostering connection points between and amongst entrepreneurs and startups. Whether it is shar-

ing space, sharing ideas, sharing referrals, networking, or just hanging out, we all thrive on the flow of ideas, peo-ple and relationships. So, in addition to a workplace, we also use the lab frequently as a meeting place—for dinner

events, brown bag lunch talks, workshops, conferences, symposia and good ole’ pizza and beer nights."

Xconomy coverage:

"Dog Patch Lab: An Entrepreneur’s Kennel," May 26, 2009

http://www.xconomy.com/boston/2009/05/26/dog-patch-lab-an-entrepreneurs-kennel/

"Polaris to Open Dog Patch Labs Incubator in Cambridge," September 10, 2009

http://www.xconomy.com/boston/2009/09/10/polaris-to-open-dog-patch-labs-incubator-in-cambridge/ "Notes from Dogpatch Labs’ Housewarming Party—and a List of Initial Inhabitants," October 20, 2009

http://www.xconomy.com/boston/2009/10/20/notes-from-dogpatch-labs%E2%80%99-housewarming-party-

and-a-list-of-initial-inhabitants/ "Polaris To Open Dogpatch in Dublin, Nabs Funding From Irish National Pensions Reserve Fund." December 21, 2010

http://www.xconomy.com/boston/2010/12/20/polaris-to-open-dogpatch-in-dublin-nabs-funding-from-irish-

national-pensions-reserve-fund/

Downstate Biotechnology Incubators http://research.downstate.edu/Incubator.htm

Location: Brooklyn, NY

Founded: 2006

Teams accepted per year: Varies

Investment/stipend: Not disclosed Equity stake required: Not disclosed

Application info: http://research.downstate.edu/biotech/tenant.pdf

Application deadline: Rolling Past and current companies: Apath, Biomedica Management, International AIDS Vaccine Initiative, IRX Thera-

peutics, MabCure, and more

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 12: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 12

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Self-description: "Welcome to Downstate's Biotechnology initiative, a comprehensive plan to nurture biotechnol-ogy research and development in Brooklyn. SUNY Downstate Medical Center has a long history of serving the

community while being at the forefront of medical discovery. Downstate is continuing this proud tradition with

this bold, borough-wide biotechnology program. The cornerstone of this project is Downstate’s Biotechnology

Park, which currently includes an Advanced Biotechnology Incubator for start-ups and early-stage biotech com-panies and a 13,000 sq. ft. state-of-the-art commercial synthetic chemistry facility. Companies leasing space at

these locations have convenient access to Downstate's facilities and amenities. In addition, we are working with

New York City and New York State to develop biotech-related space at the Brooklyn Army Terminal (BioBAT) for expansion and manufacturing. To support this initiative, Downstate has formed the Brooklyn Biotechnology

Consortium and, with Hunter College of CUNY, has a workforce development grant from the New York City

Sectors Initiative for a job training program for Bioscience/Biotechnology Technicians."

DreamIt Ventures http://www.dreamitventures.com/

Location: Philadelphia, PA, and New York, NY (added in 2011)

Founded: 2008

Teams accepted per year: 30 (2 sessions of 15)

Investment/stipend: Up to $25,000 in seed capital ($5,000, plus $5,000 for each of up to four founding team members who will be onsite for the program)

Equity stake required: 6 percent

Application info: http://www.dreamitventures.com/!""#$/ Application deadline: February 28 early deadline, March 16 final deadline for New York (in 2011; future deadlines

TBA). June 17 early deadline, July 8 final deadline for Philadelphia (in 2011; future deadlines TBA)

Past and current companies: Adapt.ly ClothesHorse, Dropcard, SCVNGR, NoteHall, SeatGeek, Jobaphiles, Fan-Gamb, Trendient, Mind Snacks, Take the Interview, and more

Self-description: "Our goal at DreamIt is simple: Help great people with great ideas build great companies.

The DreamIt founders designed DreamIt to be the startup accelerator program they wish existed when they started

and sold their first companies. New startups today need only a little funding, but they need more help and support than ever before. They need a community of fellow entrepreneurs to share ideas and inspiration, technologists to

join their team, mentors and coaches who have struggled on their way to a big success, legal and accounting serv-

ices that don't cost precious cash, and opportunities to meet and pitch angel investors and venture capitalists. So how does DreamIt work? It all starts with bright, energetic people with great ideas. People like you. Then DreamIt

adds all the help and support you need to build the next great company."

Xconomy coverage:

"Princeton Undergrad Brings Scavenger-Hunt Startup to Boston," October 1, 2008

http://www.xconomy.com/boston/2008/10/01/princeton-undergrad-brings-scavenger-hunt-startup-to-boston/

"Y Combinator Recombined: Talking with Philadelphia Startup Incubator DreamIt Ventures," October 6, 2008

http://www.xconomy.com/boston/2008/10/06/y-combinator-recombined-talking-with-philadelphia-startup-incubator-dreamit-ventures/

DUMBO (NYU-Poly) http://www.poly.edu/business/incubators/dumbo

Location: Brooklyn, NY

Founded: 2011

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 13: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 13

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Teams accepted per year: Varies. NYU-Poly accepts 10 to 30 companies across its incubator network of BEST, DUMBO, NYC ACRE, and Varick Street

Investment/stipend: None, companies will pay for space and services like they do at other incubators in the NYU-

Poly network

Equity stake required: None Application info: http://www.poly.edu/business/incubators/dumbo

Application deadline: TBD

Alumni companies: None yet Self-description: "Mayor Michael R. Bloomberg, Brooklyn Borough President Marty Markowitz, the New York City

Economic Development Corporation (NYCEDC), Polytechnic Institute of New York University (NYU-Poly), and

Two Trees Management today announced a new City-sponsored business incubator to support the development of

technology startup businesses in Brooklyn. The DUMBO Incubator, located at 20 Jay Street—one block from Brooklyn Bridge Park—will accommodate technology entrepreneurs in the downtown Brooklyn neighborhood and

across New York City over the next three years and is expected to be fully operational by fall 2011."

Entrepreneurs Roundtable Accelerator http://eranyc.com/

Location: New York, NY Founded: 2011

Teams accepted per year: Around 20 (2 sessions of around 10)

Investment/stipend: $25,000 Equity stake required: 8 percent

Application info: http://eranyc.com/apply/

Application deadline: April 30 (in 2011; future deadlines TBA) Past and current companies: BuzzTable, Centzy, LetGive, Nabfly, numberFire, Parking Panda, Pricing Engine,

Public Stuff, Sitesimon, and WebThriftStore

Self-description: "Get your startup super-charged. Our combination of hands-on help, seed capital, a great co-working location, and know-how can help your company take the next step. Our operating partners and mentors are

here to help answer the tactical and strategic problems your startup faces on a daily basis. We sit with you, listen to your questions and challenges and help you address them and create strategic plans going forward. We give you

great mentors and access to the right investors, sales prospects and partners you need. ERA startups get access to

leading members of the NY and broader tech community every day. We get approached every day by startups strug-

gling to get exposure to the business partners and investors they need to connect with. ERA gives you that platform every day. Learn from an exciting group of other startups in the same boat you are. We find startups learn as much

from each other as they do anywhere else. Work is great... but fun, well, it's essential. We certainly think so! So as

part of the program you'll be joining us for happy hours, poker nights, a bunch of free stuff and more!"

EvoNexus http://www.commnexus.org/incubator/

Location: San Diego, CA

Founded: 2009 Teams accepted per year: 10 to12

Investment/stipend: None; teams get office space, classes, and access to equipment, mentors, domain experts,

and investors

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 14: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 14

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Equity stake required: None Application info: http://www.commnexus.org/incubator/applicants/

Application deadline: Rolling

Past and current companies: CRISI Medical Systems, EcoATM, Independa, IO Semiconductor, Medipacs, Mi-

croPower Technologies, NewBlue, Perminova, and more Self-description: "EvoNexus is the business incubator of CommNexus, a leading non-profit high-tech trade orga-

nization based in San Diego. Our mission is to stimulate the growth of new high technology companies in our re-

gion.EvoNexus is San Diego’s only community-supported, fully pro-bono technology incubator. We provide full services – furnished office space, domain experts and mentors, and the opportunity to leverage our wide network

of business and VC contacts – to start-up companies striving to achieve sustainability. And unlike many other in-

cubators, we provide these services entirely free of charge. Our incubator companies are under no financial or IP-

related obligation to EvoNexus when they graduate."

Xconomy coverage:

"San Diego’s Wireless Industry Establishes Startup Incubator," June 17, 2009

http://www.xconomy.com/san-diego/2009/06/17/san-diegos-wireless-industry-establishes-startup-incubator/ "San Diego’s EvoNexus Incubator Selects First Gaggle of Fledgling Startups," September 10, 2009

http://www.xconomy.com/san-diego/2009/09/10/san-diego%E2%80%99s-evonexus-selects-first-gaggle-of-

fledgling-companies/ "New San Diego Incubator Adds Three More Startups on Opening Day," November 3, 2009

http://www.xconomy.com/san-diego/2009/11/03/new-san-diego-incubator-adds-three-more-startups-on-opening-day/

Excelerate Labs (member of the TechStars Network) http://www.exceleratelabs.com/

Location: Chicago, IL

Founded: 2009, first summer class in 2010

Teams accepted per year: 10 Investment/stipend: $25,000

Equity stake required: 6 percent

Application info: http://www.exceleratelabs.com/apply/

Application deadline: March 1 early deadline, March 18 final deadline (in 2011; future deadlines TBA) Past and current companies: Buzz Referrals, Exchangery, Food Genius, EduLender, ScholarPRO, Tap Me, We-

Gather, and more

Self-description: "Excelerate Labs is an intensive summer accelerator for startups driven by proven entrepreneurs and investors. Led by world class entrepreneurs Sam Yagan (OKCupid, Sparknotes) and Troy Henikoff (SurePay-

roll), the program is unique in attracting scores of mentors from around the country to work with the teams in di-

rect 1-on-1 meetings. The program selects ten companies every spring to participate in the 13-week intensive summer program. Starting on June 1st, the ten companies build connections and their business during the pro-

gram. The program culminates in an Investor Demo Day on August 31st, where the companies showcase their

progress and plans to more than 200 angel and venture investors from around the country. Our goal is simple: We

invest in the very best companies and help them reach the next level. We do that by providing capital, connec-tions, community, and delivering on our promises."

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 15: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 15

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Flashpoint http://flashpoint.gatech.edu/

[Note: Shotput Ventures, listed in previous incubator guides, is now part of Flashpoint at Georgia Tech]

Location: Atlanta, GA

Founded: 2011

Teams accepted per year: Varies Investment/stipend: About $15,000 per startup from the Flashpoint Investment Fund

Equity stake required: About 6 percent

Application info: http://flashpoint.gatech.edu/apply/ Application deadline: June 15 (in 2011; future deadlines TBA)

Past and current companies: None yet; Flashpoint’s first class will be starting this year

Self-description: "Flashpoint is a startup accelerator program accepting teams at Georgia Tech. Flashpoint pro-vides entrepreneurial education (in the form of experienced mentors and presentations by veterans), shared learn-

ing, and a competitive, accelerated environment for business model and technology development."

First Growth Venture Network http://www.firstgrowthvn.com/

Location: New York, NY

Founded: 2009

Teams accepted per year: Up to 18 (2 sessions of up to 9) Investment/stipend: None; benefits include access to advisors, mentors, investors.

Equity stake required: None

Application info: http://www.zoomerang.com/Survey/WEB229CPX92632

Application deadline: Rolling Past and current companies:, Adhatchery, BaubleBar, Birchbox, ChallengePost, CB Information Services, EcoS-

quid, FanBridge, MeeGenius!, Plizzy, Open Runway, StyleHop, and more

Self-description: "First Growth runs programs twice a year in winter and spring semesters. First Growth Venture Network’s mission is to identify high potential entrepreneurs and to surround them with the network they will need to

support their growth. By providing these nascent tech businesses with the network and substantive expertise they need

to grow at the earliest possible moment, First Growth will help create conditions in which those companies will grow into best of breed companies. First Growth is a program for high potential, seed and early stage start-up tech entrepre-

neurs in and around New York City. First Growth takes high potential entrepreneurs and accelerates their ‘first growth’

by (1) connecting them with venture capitalists, angel investors, successful entrepreneurs and advisors, all of whom

have spent years in and around technology start-ups; (2) connecting each start-up with a First Growth Advisor Team of 3 or 4 successful network members who will serve as mentors to the team; (3) providing regular opportunities for sub-

stantive information and networking with the broader First Growth community; and (4) providing a peer group of other

high potential tech leadership teams in the First Growth program." Xconomy coverage:

"Boston Venture Firms Dominate New Mentoring Program for New York Startups," June 16, 2009

http://www.xconomy.com/boston/2009/06/16/boston-venture-firms-dominate-new-mentoring-program-for-new-

york-startups/

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 16: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 16

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Gazelle Lab (member of the TechStars Network) http://gazellelab.com/

Location: Tampa Bay, FL

Founded: 2011

Teams accepted per year: Up to 20 (2 sessions of up to 10)

Investment/stipend: $6,000 per founder, up to $18,000 Equity stake required: 6 percent

Application info: http://gazellelab.com/application

Application deadline: July 15 (in 2011, future deadlines TBA) Past and current companies: SynergyHub, Vabbler.com, World Power & Water, and more

Self-description: "Gazelle Lab is a TechStars Network member, mentor-driven, three-month, seed stage invest-

ment program. For a small equity stake, you will receive: Series AA, seed-level funding for your firm from top investors (value in the $000s), research and advising from USFSP entrepreneurship students (value in the $000s),

fundraising education and tools from Entrepreneur Commons (value in the $00s), development tools and software

from Microsoft BizSpark (value in the $00s), library of legal and other support documents (value in the $00s),

discounts from Turnstone, Business Plan Pro, Quickbooks, etc. (value in the $00s), in-person training, peer sup-port, and networking events (value in the $00s), Tampa Bay's largest mentor, funding, and resource provider

group (priceless)."

General Assembly http://www.generalassemb.ly/

Location: New York, NY

Founded: 2011

Teams accepted per year: Varies Investment/stipend: None; tenants pay rent and General Assembly offers space, educational programming, and

support services

Equity stake required: None Application info: Invitation only http://www.generalassemb.ly/#/offering. Programming sign-up here

http://us1.campaign-archive2.com/?u=63ca816628df9b94f27e71e7a&id=f320e9d1d9

Application deadline: Varies, applications are invitation only Past and current companies: Art.sy, Bone & Black, CollegeOnly, Dubset, Fashism, food52, Hark.it, JIBE, Mov-

able Ink, NewsCred, Nodejitsu, Paperlex, Postling, Profitably, SeatGeek, and Yipit

Self-description: "General Assembly is an urban campus for entrepreneurs seeking to transform industry and cul-ture through technology and design. We provide programming, space, and support services to foster collaborative

practices and learning opportunities."

Xconomy coverage:

"New York’s General Assembly Incubator Attracts Entrepreneurs With Camaraderie, Classes, and a College Feel," April 4, 2011

http://www.xconomy.com/new-york/2011/04/13/new-yorks-new-general-assembly-incubator-attracts-

entrepreneurs-with-camaraderie-classes-and-a-college-feel

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 17: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 17

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

GoodCompany Ventures http://www.goodcompanyventures.org/

Location: Philadelphia, PA

Founded: 2009

Teams accepted per year: 10

Investment/stipend: None; benefits include access to office space, advisors, and venture and angel investors Equity stake required: None

Application info: http://www.goodcompanyventures.or!"#$%&'()*+"(,,-#%()#*$./*+0.1"2Application deadline: May 6 (in 2011, future deadlines TBA)

Past and current companies: Ads4Good, 33Needs Blox, CalendarFly, Couchange, Green Konnect, Math Founda-

tions, PublicStuff, VolunteerBIG, Wish Upon a Hero, Zeocozi, and more Self-description: "GoodCompany Ventures is a community of service for entrepreneurs developing for-profit

businesses with social impact. Profitability does not require sacrificing purpose. That’s the double bottom line.

GoodCompany Ventures provides support, facilities, and mentoring to qualified, socially conscious entrepreneurs

who can make a difference. The program is a pioneer in the social sector, repurposing a proven venture strategy in this emerging sector. Unlike conventional venture incubators, GoodCompany Ventures doesn’t extract an equity

commitment from entrepreneurs, but expects a commitment of time and creativity toward building a community

of social entrepreneurship. The program will culminate in a graduation event where companies will pitch their ideas to investors. Services provided to participants in the program include: Access to Infrastructure: Conference

and office space as well as technology infrastructure within our facility in downtown Philadelphia. Access to Ad-

visors: GoodCompany Ventures has assembled mentors, preferred providers, expert advisors, industry leaders, and start-up gurus.Access to Capital: GoodCompany Ventures will facilitate a first investment round by assem-

bling representatives from leading VC firms and angel investors.

Greenstart http://greenstart.com/

Location: San Francisco, CA

Founded: 2011

Teams accepted per session: 8 to 10 Investment/stipend: $25,000

Equity stake required: 3 percent to 10 percent

Application info: http://greenstart.com/apply

Application deadline: July 3 (in 2011, future deadlines TBA) Past and current companies: TBA, first Greenstart class will start this fall

Self-description: "Greenstart is a startup accelerator for cleantech. We help the most promising cleantech startups

achieve greater success, faster. The companies we select receive seed funding, three months of mentoring, valuable connections, and the chance to pitch to leading angel investors and venture capitalists at the end of the program."

Xconomy Coverage:

"Will the Internet Venture Incubator Model Work in Cleantech? Greenstart Is About to Find Out," June 16, 2011

http://www.xconomy.com/san-francisco/2011/06/14/will-the-internet-venture-incubator-model-work-in-cleantech-greenstart-is-about-to-find-out

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 18: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 18

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

GrowLab http://www.growlab.ca/

Location: Vancouver, BC, and San Francisco, CA

Founded: 2011

Teams accepted per year: 10 (2 sessions of 5)

Investment/stipend: Up to $25,000 in Canadian dollars Equity stake required: 5 percent to 10 percent

Application info: http://www.growlab.ca/apply-to-grow

Application deadline: June 20 (for Fall 2011 program, future deadlines TBA) Past and current companies: None yet, GrowLab will begin its first session on August 15

Self-description: "GrowLab aims to find the world’s smartest Internet entrepreneurs who are passionate about

technology and changing the face of traditional business. GrowLabs’ approach is entrepreneur-centric. Your startup will go through an intense mentorship program embedded in both Canada and Silicon Valley, providing

access to resources and an international network that will accelerate your growth exponentially.GrowLab startups

get access to: up to $25,000 in seed funding, office space, four months of intensive programming, three months in

Vancouver ,one month in San Francisco."

The HuB http://hubsarasota.com/index.cfm

Location: Sarasota, FL

Founded: 2009

Teams accepted per year: 2

Investment/stipend: Typically between $20,000 and $50,000 Equity stake required: 50 percent or more. Startup Florida aims to play a founding role more than an investing role

Application info: E-mail [email protected] for application information

Application deadline: Rolling Past and current companies: Fast Pitch, Yokel, Clinipace Worldwide, MOVO, Real Digital Media, 3Step Contact,

ThisWeek, LocalSocial, BioLucid, Nanohygienix, and more

Self-description: "The HuB was founded by two creative minds Matt Orr and Rich Swier. With no blueprint or model to follow - they created a new type of enterprise... one that creates new economic and social dimensions in

a community. The HuB embraces new ideas. We connect with entrepreneurs, artists, professionals and govern-

ment leaders in our community to find new solutions to current challenges. Our unique process of storyboarding

ideas and leveraging creativity - allows us to take a completely new perspective and find success." "Startup Flor-ida believes every entrepreneur benefits from the company of other entrepreneurs. Our Incubator Program has

been active for over five years and has helped entrepreneurs start new ventures by providing guidance in all as-

pects of their business including product development, marketing, sales and funding."

Illinois Launch http://business.illinois.edu/ael/illaunch/index.html

Location: Champaign, IL

Founded: 2010

Teams accepted per year: No cap; the past year Launch has helped 30 companies. Companies have to want to launch in Illinois

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 19: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 19

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Investment/stipend: Up to $35,000 in seed funding Equity stake required: None

Application info: https://angelsoft.net/business-plan-competition/illinois-launch/apply

Application deadline: Rolling

Past and current companies: Effimax Solar, IntelliWheels, CouponRelay, EventBacker, GitBax, ZingZag, Green Purpose, and more

Self-description: "In an effort to help young entrepreneurs develop their ideas into high-growth, sustainable businesses,

the Academy created Illinois Launch, a new venture pipeline and incubator program at the University of Illinois. Estab-lished with a $500,000 gift from two young entrepreneurs, Albert and Alexander Goldstein, this initiative helps to trans-

form the ideas of young entrepreneurs into new ventures by offering seed funding, mentoring, networking, incubator

space and educational opportunities. Launch takes a philanthropic approach to early-stage venture incubation. Taking no

equity, we provide select startups with up to $35,000 in seed funding through grants. Launch matches startups with Men-tors who have relevant expertise. Mentors meet with teams to set and enforce milestones, to oversee funding, and to pro-

vide guidance and support. Launch companies connect with a large network of entrepreneurs, investors and service pro-

viders. Launch companies are given space in EnterpriseWorks, a business incubator in the University of Illinois Research Park. Companies have access to entrepreneurs-in-residence, to workshops and events, and to an extensive array of equip-

ment and computer technology. Launch applicants have access to a number of entrepreneurship courses and workshops.

These mix traditional entrepreneurship education with practical advice, mentoring and guidance from successful entrepre-neurs, angel investors, venture capitalists and critical service providers to the entrepreneurship community."

Incubate Miami (member of the TechStars Network) http://www.incubatemiami.com/

Location: Miami, FL

Founded: 2010 Teams accepted per year: 20 to 30 (2 sessions of 10 to 15)

Investment/stipend: Previous sessions did not offer funding; the program is determining funding for future sessions

Equity stake required: No equity take yet. This may vary depending on funding offered in future sessions.

Application info: http://www.incubatemiami.com/apply/ Application deadline: Rolling

Past and current companies: KidzBux, YouCeleb, Razient, Rheti, Flomio, Frankly, Yaibi, Softmotion Networks,

AlmostFamous, and more Self-description: "The Technology Accelerator program is a startup "bootcamp" offered twice a year during the

spring and fall. The three-month startup accelerator program focuses on providing targeted resources in a struc-

tured environment to technology companies and applications. Each program class consists of 10-15 companies selected to participate in the series of fast-paced, rigorous workshops focused on specific topics critical to their

business development. As such, the program brings in top executives, successful entrepreneurs, service provides,

and mentors to educate and guide entrepreneurs. The three month engagement culminates in a Demo Day pitch

event wherein companies announce their official launch of their businesses to a selected audience group."

I/O Ventures http://www.ventures.io/

Location: San Francisco, CA

Founded: 2010

Teams accepted per session: Up to 5

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 20: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 20

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Investment/stipend: $25,000 Equity stake required: 8 percent

Application info: http://www.ventures.io/apply

Application deadline: February 21 (in 2011, future deadlines TBA)

Past and current companies: Appbistro, Socialvision, Damntheradio, Skyara, CodeEval, Pieceable, PrePay, Mob-bles, and more

Self-description: "I/o ventures is an early stage startup program that focuses heavily on mentorship. We work

closely with founders from product launch through the next stage of company development, sharing what has proven to work for product scaling, revenue growth and fund raising. Our partners and mentors have started and

run some of the top internet companies. We want you to take advantage of our experience leading teams, building

great products, raising money, negotiating mergers and acquisitions, and scaling infrastructure; all with the hope

that you dramatically improve your execution and time-to-market (and won’t repeat our mistakes!). We take pride in our roles both as founders and operators. Each of us has recently or is currently running a technology company.

We understand the most common challenges that all entrepreneurs face. We're based out of a funky space in the

Mission and invite both portfolio companies and people looking to start a company to come hang out."

Joystick Labs http://www.joysticklabs.com/

Location: Durham, NC

Founded: 2010

Teams accepted per session: 4 to 6 Investment/stipend: $6,000 per founder, up to $20,000 per team

Equity stake required: A modest equity stake in your company, and a share of the money generated by the game

or app you work on at Joystick Labs Application info:

https://spreadsheets2.google.com/spreadsheet/viewform?hl=en_US&hl=en_US&formkey=dHJIMGZhSHRna1lrdW

RJRVdiVnpHUEE6MA&ndplr=1#gid=0

Application deadline: Rolling Past and current companies: Lab Rats Studio, Mighty Rabbit Studio, Nix Hydra Games, Gale Force Logic, and

Inari Games

Self-description: "Joystick Labs is an innovative accelerator program focused exclusively on identifying and launching the next generation of digitally distributed video game companies. We are looking for teams of 2-5 de-

velopers who are passionate about games and social media, have a clear vision for the type of experience they

want to create, and who are entrepreneurs at heart. Our mission is simple. Joystick Labs exists to identify, seed, accelerate, and launch the next generation of best and brightest digitally distributed video game entrepreneurs

through a unique mix of early-stage seed funding, mentorship, education, and networking. You bring a great idea

and great people, and we provide the key ingredients to strengthen the potential for your video game studio: fund-

ing, support, mentoring, and networking."

Jumpstart Foundry (member of the TechStars Network) http://jumpstartfoundry.com/ Location: Nashville, TN Founded: 2010, first accelerator class in 2011

Teams accepted per year: 6

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 21: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 21

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Investment/stipend: $15,000 Equity stake required: 6 percent

Application deadline: February 23 early deadline, March 18 final deadline (in 2011, future dates TBA)

Past and current companies: YouPromise.me, Kahootzz, Reflex, TapMe, TheFreshTest, Rent Stuff, and more

Self-description: "Jumpstart Foundry seeks to aid the growth of fledgling tech-oriented businesses in the South-east by focusing on three key areas: The Foundry, Fund and Future.Started as a seed-stage microfund in 2010, the

newest iteration of JSF orbits around a formal, mentor-driven 14-week business incubation program—titled ‘The

Foundry’—with the goal of launching six successful companies, prime for funding, by the middle of August 2011. The application process for companies interested in participating in The Foundry in 2011 will began in mid-

January and will run until March 18.Those startup companies—keying on the areas of healthcare IT, data systems

and social engagement tools—will derive resources and guidance from a hand-selected group of mentors who

bring a wealth of experience from a variety of fields."

Kauffman Labs http://www.kauffmanlabs.org/

Location: Kansas City, MO

Founded: 2009

Teams accepted per year: Varies Investment/stipend: Varies

Equity stake required: Varies

Application info: http://www.kauffmanlabs.org/

Application deadline: Next round of applications expected to launch Q1 2012

Past and current companies: ChildRoad, EcoFin Media, Flip Learning, FriendsLearn, GoalPost Labs, iCreateto-

Educate, Simple Smartie, and more

Self-description: "Kauffman Labs for Enterprise Creation programs include educating innovative aspiring entre-preneurs to build the next generation of great high-growth firms. Through our entrepreneurship education pro-

grams we also study our founders and the firms they form - with the ultimate goal to better understand what we

call 'the science of startups.'" Xconomy Coverage:

"Kauffman Labs Inaugural Incubator Program Brings In Education-Focused Entrepreneurs From Massachusetts, Michigan and Bay Area," February 2, 2011

http://www.xconomy.com/national/2011/02/10/kauffman-labs-inaugural-incubator-program-brings-in-eucation-

focused-entrepreneurs-from-massachusetts-michigan-and-bay-area/

KickLabs http://www.kicklabs.com/default.php

Location: San Francisco, CA Founded: 2010

Teams accepted per year: Varies

Investment/stipend: None; companies get 6-12 months of office space, and access to advisers, entrepreneurs, and investors Equity stake required: Varies

Application info: https://angelsoft.net/angel-group/kicklabs/apply

Application deadline: Rolling

Past and current companies: ContextLogic, Ecofabulous, Encoding.com, Giftiki, Kicktag, Livefyre, Metricly, See

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 22: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 22

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Jane Fly, TextualAds, and more Self-description: "At Kicklabs start-up companies can thrive in a creative and collaborative environment in the

heart of San Francisco. Entrepreneurs can interact with a stable of veteran advisors, have access to value added

services, and be in the hub of industry events. All this can help young companies build the killer companies of

tomorrow. The core Kicklabs team is comprised of industry veterans and experienced technology entrepreneurs, providing a solid network that Kicklabs companies can leverage as they evolve their businesses. Since many of

the companies within Kicklabs have a similar macro target market, we anticipate a significant amount of collabo-

ration and utilization of each other's technology platforms. Kicklabs will receive a portion of equity from the par-ticipating companies based on the stage of the company, term of their tenancy and the number of employees.

KickLabs is a partnership between an affiliate of Broe Real Estate Group of Denver and San Francisco based

Transmedia Capital."

Launchpad Ignition (member of the TechStars Network) http://launchpadignition.com/

Location: New Orleans, LA

Founded: 2011 (First class wrapped up in May 2011)

Teams accepted per year: 8 to 10

Investment/stipend: Up to $25,000 Equity stake required: 7 percent

Application info: http://lpignition.tumblr.com/post/4068164682/ignition-2012-applications-open-november-24th

Application deadline: December 31 (in 2011, future deadlines TBA) Past and current companies: Badger, Dydra, GameBuilder Studio, Kinio, Liveset, and Rayku

Self-description: "Launch Pad Ignition is a startup accelerator in New Orleans. Founded in 2011, the first class of

6 companies graduated in May, 2011. Ignition creates a framework to help founders refine their product offering, invigorate their business plans, and raise funding to fuel their growth. The mentorship-driven approach to gives

companies access to the experience and networks to succeed. Launch Pad Ignition is a program of Launch Pad, a

co-working & incubator space in downtown New Orleans. With 12,000 sq ft of shared workspace and more than

60 companies, Launch Pad is at the heart of the entrepreneurial renaissance in New Orleans. Ignition was founded by Chris Schultz, Barre Tanguis, and Peter Bodenheimer and is a part of the TechStars Network."

Launchpad LA (member of the TechStars Network)

http://www.launchpad.la/

Location: Los Angeles, CA

Founded: 2009 Teams accepted per year: 10

Investment/stipend: Varies. Launchpad LA offers mentorship, educational programming, legal advice, executive

recruiting support, founder dating, public relations, and more Equity stake required: Varies

Application info: http://www.launchpad.la/index.php/apply

Application deadline: August 5 (in 2011, future dates TBA) Past and current companies: AccessDNA, Cramster, Datapop, iBeathYou, InheritedHealth, Laughstub, Ranker,

Totspot, and more

Self-description: "Launchpad LA was founded in 2009 by Mark Suster with the goal of helping young talented

startup entrepreneurs get funded and grow while remaining in Southern California. The idea came from Mark’s

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 23: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 23

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

frustration with seeing too many companies receive funding from Northern California VCs and then choosing to relocate their teams. Mark was further inspired by the aims and initiatives of John Morris, the former head of the

Tech Coast Angels. The Launchpad LA initiative is a true collaboration among the area’s best VCs who have a

shared interest in seeing a robust tech community continue to grow and thrive in Los Angeles. Launchpad LA

runs a series of educational meetings, discussions, and events designed to share knowledge and experiences be-tween serial entrepreneurs, veteran tech executives, and newer CEOs. Mark runs Launchpad LA with Adam

Lilling and Josh Webb."

MassChallenge http://masschallenge.org/

Location: Boston, MA Founded: 2009

Teams accepted per year: 100 companies can make it into the accelerator stage of the program

Investment/stipend: Select teams will win $50,000 or $100,000 Equity stake required: None

Application info: http://masschallenge.org/enter

Application deadline: April 11 (in 2011; future deadlines TBA)

Past and current companies: Abroad101, Aukera Therapeutics, Embed.ly, OsComp Systems, RelayRides, Zyrra, ArtVenue, Bindo Labs, BioArray, Evertrue, Nasolux, and more

Self-description: "We help early-stage entrepreneurs win. We connect entrepreneurs with the resources they need

to launch and succeed immediately. Our primary activities include running an annual global startup competition, documenting and organizing key resources, and organizing training and networking events."

Xconomy coverage:

"MassChallenge Launches $1 Million Global Business Competition to Fuel State's Innovation Economy," April

15, 2010 http://www.xconomy.com/boston/2010/04/15/masschallenge-launches-1-million-global-business-competition-

to-fuel-states-innovation-economy/ "MassChallenge Awards $1M to 16 Startups Across IT, Cleantech, Retail, and Healthcare (Also Some Words of

Wisdom from Steve Case," October 22, 2010 http://www.xconomy.com/boston/2010/10/22/masschallenge-awards-1m-to-16-startups-across-it-cleantech-

retail-and-healthcare-also-some-words-of-wisdom-from-steve-case/

"MassChallenge, With Lessons Learned, Gears Up for 2011 Startup Competition: A Definitive Debrief," January 31, 2011

http://www.xconomy.com/boston/2011/01/31/masschallenge-with-lessons-learned-gears-up-for-2011-startup-

competition-a-definitive-debrief/

Momentum (member of the TechStars Network) http://www.momentum-mi.com/

Location: Grand Rapids, MI

Founded: 2009

Teams accepted per year: Up to 5 Investment/stipend: Up to $20,000 and office space

Equity stake required: 8 percent

Application info: http://www.momentum-mi.com/apply/

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 24: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 24

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Application deadline: February 5 (in 2011; futures deadlines TBA) Past and current companies: Booker, Chext, Converati, WeatherCollage, DownStream, Public Collections, Re-

vetto, Learning Interfaces, TerraPerks, and more

Self-description: "We are a Michigan-based seed accelerator looking for new technology start-ups with amazing

ideas to join us for a 12-week lean startup bootcamp program. You get $20,000 in seed capital, 18 mentors, a great place to work and the mental space to bring a new company to fruition."

New Hampshire Innovation Commercialization Center http://www.nh-icc.org/our-program/

Location: Portsmouth, NH

Founded: 2010 Teams accepted per year: Varies, goal is 6

Investment/stipend: Up to $250,000

Equity stake required: Negotiable Application info: http://www.nh-icc.org/our-program/who-should-apply/application/

Application deadline: Rolling

Past and current companies: Holase, PoKos Communications, Innovacene, Unified Office, and more

Self-description: "The New Hampshire Innovation Commercialization Center (NH-ICC), in partnership with the University of New Hampshire (UNH), is dedicated to accelerating the development of early stage high technology

startups and to the commercialization of UNH intellectual capital. Our vision is to fuel innovation and drive sus-

tainable, rapid private sector growth in New Hampshire by selecting high potential early stage companies, locat-ing them at our facilities at Pease Tradeport in Portsmouth, and providing them with a combination of business

resources, seed capital and "hands on involvement" from the Center's seasoned startup executives. UNH, a pre-

mier research institution, is one of only seven land, sea and space grant universities in the country. Its world-class faculty, graduate students and staff generate over $100 million in federally supported research each year. The NH-

ICC has made it a priority to create and leverage opportunities for the commercialization of these exciting tech-

nologies. In addition, companies accelerated through the programs at the NH-ICC are encouraged to leverage

UNH faculty and student resources through advisory relationships and student internships."

The Next Big Thing (member of the TechStars Network)

http://thenextbig.co

Location: Greenville, SC

Founded: 2011

Teams accepted per year: 10 Investment/stipend: Up to $18,000 (6,000 per founder)

Equity stake required: 6 percent

Application info: http://thenextbig.co/index.html#apply Application deadline: April 20 (for 2012)

Past and current companies: None yet; applications for the first class open up next year

Self-description: "A mentorship driven startup accelerator in Greenville, South Carolina. We are looking for 10 incredible startup teams to participate in our 1two week summer program. Each team will receive up to $18,000

in seed funding, coworking space at the NEXT Innovation Center, access to an amazing set of mentors, and the

opportunity to pitch more than a hundred investors."!

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 25: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 25

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

NYC ACRE (NYU-Poly) http://www.nycacre.com/

Location: New York, NY

Founded: 2009

Teams accepted per year: Around 4 or 5

Investment/stipend: None Equity stake required: None

Application info: http://www.nycacre.com/apply/index.php

Application deadline: Rolling, leases are typically around six months Past and current companies: Anellotech, Ecological, EcoLogic Solutions, M.J. Beck Consulting, Rentricity, Sol-

lega, SyntheZyme, ThinkEco, Water Canary, and Wind Products

Self-description: "The New York City Accelerator for a Clean and Renewable Economy (NYC ACRE) helps clean technology and renewable energy companies in New York City grow, advancing the City as a role model

for environmental sustainability and smart growth. All tenants must have a focus on alternative energy and clean

technology, or a product or service offering that has a clear linkage to a more sustainable urban environment.

Company sectors include, but are not limited to: energy transmission and distribution; energy storage; waste to energy; smart grid; building systems; lighting; advanced metering infrastructure; energy management; efficiency

products and services; sustainable architecture and design; transportation and power systems; water management;

green roofs; urban food systems; energy/environmental markets and financial services." Xconomy coverage: !

"New York’s ACRE Incubator is Churning Out Cleantech Startups, and Helping Build a New Engine for the

City’s Economy April 20,2011 http://www.xconomy.com/new-york/2011/04/20/new-yorks-acre-incubator-is-churning-out-cleantech-startups-

and-helping-build-a-new-engine-for-the-citys-economy!

NYC SeedStart http://www.nycseedstart.com/index.html

Location: New York, NY

Founded: 2010

Teams accepted per year: Up to 10 Investment/stipend: Up to $20,000

Equity stake required: 5 percent

Application info: http://www.nycseedstart.com/application.html

Application deadline: Varies depending on term Past and current companies: DataDog, Introspectr, Reducify, Lexeem, Risktail, and more

Self-description: "NYC SeedStart Media is a 12-week summer program designed to provide seed funding to

technology companies to build a product and launch their company. SeedStart is interested in companies focusing on advertising infrastructure, e-commerce, digital content, and mobile technology. Companies will work with an

incredible network of mentors, professionals, and experienced technology entrepreneurs. Venture Capital Partners

include Contour Venture Partners, Comcast Ventures/Genacast Ventures, NYC Seed, Polaris Venture Partners,

RRE Ventures."

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 26: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 26

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Plug and Play Tech Center http://www.plugandplaytechcenter.com/

Location: Glendale, CA, Los Angeles, CA, Palo Alto, CA, Redwood City, CA, and Sunnyvale, CA (primary and

oldest location). New since last Guide to Venture Incubators: Ventura, CA, and Oceanside, CA

Founded: 2006

Teams accepted per year: More than 100 Investment/stipend: Varies, but ranges between $50,000 and $500,000. Plug and Play assists startups in getting

access to venture capital firms, angel investors, and its own venture-investing arm, Amidzad Partners. The program

also offers flexible office leases Equity stake required: Varies

Application info: http://www.plugandplaytechcenter.com/forms/fund_applic.php. E-mail

[email protected] Application deadline: Rolling

Past and current companies: Melodis, Zoosk, Lending Club, and more

Self-description: "Plug and Play Tech Center is a thriving Silicon Valley community of over 300 startups from all

over the world. Our mission is to help startups grow. We accomplish that mission through a number of strategic partnerships, including 170 investors who participate in regular screening sessions exclusive to Plug and Play

members. We also have active International, University, and Corporate divisions to create an ecosystem of inno-

vation that goes beyond just startups. In addition to offering a professional working environment that is as flexible as Silicon Valley itself, we host a number of networking events, we offer various educational programs and semi-

nars, and we offer a number of services from banking and accounting to funding and M&A support."

QB3 Garage/Innovation Network http://qb3.org/innovation-toolkit/qb3-garage

Location: Berkeley, CA, and San Francisco, CA

Founded: 2006

Teams accepted per year: Approximately 20

Investment/stipend: Possible investments via QB3’s seed-stage venture fund, Mission Bay Capital Equity stake required: None

Application info: E-mail [email protected]

Application deadline: Rolling

Past and current companies: Adheren, EndoOrthopedics, Nanonerve, Lypro Biosciences, Omniox, Seachange Pharmaceuticals, Refactored Materials, ZoneOne Pharma, and more

Self-description: "QB3 created two incubators that allow very small companies access to modern laboratory space in close proximity to QB3 investigators. These incubators, the QB3 Garage@UCSF (opened in 2006) and the QB3 Ga-

rage@Berkeley(opened in 2010) are the biological laboratory equivalent of garages: small spaces for entrepreneurs to lay the

foundations for companies that may spearhead new industries. Space is limited. The Garages are only open to spin-outs from University of California laboratories. Space is available at market rates for pre-commercial development for periods of up to

two years. QB3 has teamed with private partners to offer microspace in a growing network throughout the Bay Area. Inter-

ested life science entrepreneurs may currently rent space in the QB3/Mission Bay Innovation Center, operated by FibroGen at 409 Illinois Street in San Francisco, and the QB3 East Bay Innovation Center, operated by Wareham Development at 2929

Seventh Street in Berkeley. Network tenants enjoy: a density of innovators in related areas, introductions to UC researchers

for collaborations, a broad range of core facilities that QB3 and UC provide to outside users for modest fees, seminars and

symposia, and entrepreneurial networking services with an ecosystem of investors, service providers, and entrepreneurs."

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 27: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 27

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Xconomy coverage:

"Reg Kelly, Scotsman from Humble Roots, Finds New Purpose at QB3 in Mission Bay," June 21, 2010

http://www.xconomy.com/san-francisco/2010/06/21/qb3-chief-reg-kelly-scotsman-from-humble-roots-finds-

renewed-purpose-in-future-of-mission-bay/

Rock Health http://rockhealth.com/

Location: San Francisco, CA Founded: 2011

Teams accepted per year: 11 (in 2011)

Investment/stipend: $20,000 startup grant to each team Equity stake required: None

Application info: http://rockhealth.com/program/

Application deadline: Fall 2011 Past and current companies: BrainBot, CellScope, Genomera, Health In Reach, Omada Health, Pipette, Skimble,

WeSprout, and more

Self-description: "Do you have an idea or startup that’s working to solve a health-related issue? Apply to join

Rock Health, a group of dedicated individuals working to catalyze innovation in the interactive health space, and gain to access our unrivaled community of experts and seed-accelerator program. Startups partake in an intensive

multi-month program, turning ideas into products and businesses. We recently selected 11 startups for this first

term. Applications will open again this fall. Our mission is to enable and empower an entrepreneurial cure for the relative lack of innovation in the health sector. The world of patient care and healthy living is foreign to the tech-

nological creativity found in social media, games and other verticals. Rock Health directly targets the gap between

these ecosystems, enabling high-impact innovation." Xconomy coverage:

"Rock Health, A New Incubator for Healthcare IT Startups, Names Its First Class," June 2, 2011

http://www.xconomy.com/san-francisco/2011/06/02/rock-health-a-new-incubator-for-healthcare-it-startups-

names-its-first-class/

SemanticSeed http://www.semanticseed.com

Location: San Jose, CA Founded: 2008

Teams accepted per year: 10 out-of-state teams, 5 Bay Area teams

Investment/stipend: Between $500 and $5000 in grants

Equity stake required: 2 percent to 12 percent, depending on initial size of the grant Application info: http://www.semanticseed.com/grants.html

Application deadline: Usually March 15 to April 31

Past and current companies: Gokit, Cued, AisleFinder, Central.ly, Fetchmob, Playd, BeCouply, Pencil You In, TriOut, KloudCo, and more

Self-description: "Semantic Seed was established in 2008, when two investment firms—Urban Technology Ven-

tures and Breakthrough Venture Partners—recognized a lack of support and funding available to first-time entre-preneurs. Often funding from angel investors and venture capitalists is reserved for seasoned entrepreneurs, not

new ones. Semantic Seed's grants fill that void by offering opportunity to hard-working, innovative people with

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 28: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 28

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

great ideas—even if they're just starting out. Our 3-month acceleration program and 56-hour StartUp Camp provide the structure and knowledge desperately needed by new entrepreneurs to jump start a high-tech

startup. Semantic Seed provides its grants and programs with the help of sponsors, partners and a team of men-

tors. Our mentors have extensive hands-on experience starting and operating successful businesses and make

themselves available to both grant recipients and program participants. Even though we're based in San Jose, Cali-fornia, Semantic Seed offers grants to startups around the world, and conducts StartUp Camps in San Francisco,

Los Angeles, New York City, Mumbai, Berlin, Jordan and Vancouver."

Springboard Enterprises http://www.springboardenterprises.org/

Location: Organization is based in Washington, DC. Forums are throughout the U.S. Founded: 2000

Teams accepted per year: Typically 20 to 40

Investment/stipend: None; Springboard runs six-month venture forum programs that recruit, screen, coach and make connections for selected companies with participation from its vast network of seasoned entrepreneurs, an-

gel investors, VCs, corporate investors and business development executives, industry experts, attorneys and other

trusted service providers Equity stake required: None

Application info: During active recruitment, application information is available

at www.springboardenterprises.org or may be requested at www.springboardenterprises.org/moreinfo Application deadline: Varies. Check www.springboardenterprises.org for upcoming dates and deadlines.

Past and current companies: Zipcar, 51Job, Icagen, iRobot, Xenogen, ViaCell, Achillion Pharmaceuticals, Constant

Contact, RAVEN Biotechnologies, Minute Clinic and over 450 other high-growth companies from across all industries Self-description: "Venture-catalyst Springboard Enterprises is the premier platform where entrepreneurs, inves-

tors, and industry experts meet to build great women-led businesses. Springboard educates, sources, coaches,

showcases and supports high growth companies seeking equity capital for expansion. The Springboard Venture

Forum is their signature program, a six-month program involving the active participation of hundreds of investors, accountants, lawyers and business development professionals in recruiting, qualifying and coaching emerging

growth businesses led by women. The program includes both in person and virtual sessions providing many op-

portunities for direct contact with both the companies and other participants. Each company is assigned a team of expert 'coaches' who assist them in refining the presentation and facilitating connections to investors and business

development opportunities. Since January, 2000, Springboard has organized 22 venture forum programs that have

helped over 450 women-led companies raise more than $5.5 billion in equity financing, including 8 IPOs, and legions of high value M&As. 80% of Springboard companies are still in business, generating $4 billion in reve-

nues and creating tens of thousands of new jobs."

SproutBox http://www.sproutbox.com/

Location: Bloomington, IN

Founded: 2008

Teams accepted per year: 4

Investment/stipend: $200,000 to $250,000 worth of services; $10,000 to $20,000 in cash

Equity stake required: 20 to 40 percent Application info: http://www.sproutbox.com/apply

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 29: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 29

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Application deadline: Rolling

Past and current companies: MyJibe, Dingora, Proposable, Squad, ScheduleThing, CheddarGetter, Decide Al-

ready, and more

Self-description: "SproutBox invests in entrepreneurs. We represent a new approach to venture capital that is

about more than just writing checks. We invest ourselves in a company’s success. Each year, we give four hand-picked startups the team, tools, and resources needed to turn their early stage ideas into a revenue-generating real-

ity. We're not about talk. We are a team of 10 coders, marketers and business experts that work with entrepreneurs

full-time in exchange for equity."

StartX http://sselabs.stanford.edu/

Location: Stanford, CA

Founded: 2009

Teams accepted per year: Around 10 Investment/stipend: None. Companies receive office space, mentorship from investors, education seminars, legal

services, and more

Equity stake required: None Application info: http://sselabs.stanford.edu/application

Application deadline: April 6 (for 2011 summer session; future deadlines TBA)

Past and current companies: Black Swan Solar, 6Dot, Game Closure, Motion Math, ThinkBulbs, Kitchit, Leglyt-

ics, WiFiSlam, Loki Studios, Fountainhop, and more Self-description: "StartX, formerly SSE Labs, is a student start-up accelerator developed in accordance with

thechartered goals of SSE to provide a premier experience in applied entrepreneurship for Stanford students. We

are a nonprofit educational initiative that complements Stanford’s educational entrepreneurship lecture series, classes and workshops. We help the most passionate and innovative Stanford students become better entrepre-

neurs and start their companies by providing a community of like-minded entrepreneurs in our office

space, mentorship from successful Silicon Valley experts, and resources that most startups find out-of-reach."

Studio G http://guidewiregroup.com/services/studio-g/

Location: Redwood City, CA

Founded: 2011 Teams accepted per year: Varies

Investment/stipend: None, but entrepreneurs receive workspace, programming, business connections, and software

and services Equity stake required: None. Monthly tenants pay $250 a month for the workspace and services, and annual forum

membership costs $650

Application info: [email protected] Application deadline: Rolling

Past and current companies: Rumbafish and more

Self-description: "Studio G is a startup acceleration resource. We provide programs, workspace, business connec-

tions, and (soon) online tools and community to help entrepreneurs build their businesses more quickly and pre-dictably. Based in the fundamental belief that smart people, working together, build better businesses faster, Studio

G is a dynamic entrepreneurial community that helps companies achieve their growth objectives with clarity of pur-

pose, speed and efficiency. Studio G provides the software and services that enable entrepreneurs to audit

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 30: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 30

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

their status, strategy, and position; shape and execute strategic plans; drive to business milestones; and add tangible value to their growing businesses. Housed in our offices in Redwood City, California, Studio G is a quiet place to

work, a community of like-minded entrepreneurs, and a full calendar of educational and networking events. For en-

trepreneurs, the resources of Studio G are available as a year-long membership in our Studio G Forum or through a

month-to-month work space lease. For less than the dues in other co-working spaces, Studio G Forum members have access to the resources and community of the facility, including drop-in access to the Studio G facility where

members can mix with start ups, tap an Internet connection, and enjoy our casual meeting facilities; complimentary

access to Studio G education forums and event programs, and substantial discounts on Guidewire Group partner programs (a total value of over $1,000 per year); office hours with business strategy experts, including Guidewire

Group CEO Chris Shipley; and introductions into Guidewire Group’s global business network."

Summer@Highland http://www.hcp.com/summer/

Location: Cambridge, MA; San Francisco, CA; and Menlo Park, CA Founded: 2007; program went on hiatus for Summer 2010

Teams accepted per year: Varies (10 in 2011)

Investment/stipend: $15,000

Equity stake required: None Application info: http://www.hcp.com/summer/apply.php

Application deadline: April 7 (in 2011; future deadlines TBA)

Past and current companies: Affine Systems, CloudFlare, Cogito Health, Ksplice, Paragon Lake (now Gem-vara), Wildfire Interactive, and more

Self-description: "Summer@Highland is an innovative program designed to provide selected student/university-

affiliated entrepreneurs with the environment and resources for advancing their startup initiative/company to the next level. Participating entrepreneurs/teams will receive $15,000and complimentary work space in at the Cam-

bridge Innovation Center, Highland's summer office in San Francisco or at the Highland Entrepreneur Center in

Menlo Park. The teams will have access to Highland investment professionals along with further resources for

injecting real-world advice, insight and perspectives into the entrepreneurial and company-building process." Xconomy coverage:

"Highland Capital Puts Out the Call for Student Entrepreneurs and Interns," April 3, 2008

http://www.xconomy.com/boston/2008/04/03/highland-capital-puts-out-the-call-for-student-entrepreneurs-and-interns/ "Highland Program Offers No-Strings Stipend to Student Entrepreneurs," March 3, 2009

http://www.xconomy.com/boston/2009/03/03/highland-program-offers-no-strings-stipends-to-student-entrepeneurs/

TechStars http://www.techstars.org/

Location: Boston, MA; Boulder, CO (original location); New York, NY; and Seattle, WA Founded: 2006

Teams accepted per year: Approximately 50 (5 sessions of 10)

Investment/stipend: $6,000 per founder, up to $18,000 Equity stake required: 6 percent

Application info: http://www.techstars.org/apply/

Application deadline: Boston, January 31; Boulder, March 16; NYC, May 26/November 21; Seattle, June 1 (in

2011; future deadlines TBA)

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 31: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 31

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Past and current companies: Appswell, Baydin, Foodzie, Ginger.io, HaveMyShift, Marginize, Localytics, OnSwipe, Sensobi, StarStreet, Strohl Medical, and more

Self-description: "TechStars is a mentorship-driven seed stage investment program. We run a three month long

program in Boston (MA), Boulder (CO), New York City (NY) and Seattle (WA) once each year. We’re very se-

lective—hundreds of companies apply and we only take about ten companies per city. These companies get up to $18,000 in seed funding, three months of intensive top-notch mentorship, and the chance to pitch to angel inves-

tors and venture capitalists at the end of the program."

Xconomy coverage:

"A Tale of Three Cities: How Boston, Boulder, and Seattle Measure Up as Tech Innovation Hubs," November 6, 2009

http://www.xconomy.com/seattle/2009/11/06/a-tale-of-three-cities-how-boston-boulder-and-seattle-measure-up-

as-tech-innovation-hubs/

"TechStars Demo Day Yields 10 New Seattle Startups—and a Lot of Work Ahead," November 15, 2010 http://www.xconomy.com/seattle/2010/11/15/techstars-demo-day-yields-10-new-seattle-startups-and-a-lot-of-

work-ahead/

"TechStars Inaugural New York Demo Day Spotlights NYC Web Startups Focused on Fashion, Real Estate, Classi-fieds, Education, & More," April 14, 2011

http://www.xconomy.com/new-york/2011/04/14/techstars-inaugural-new-york-demo-day-spotlights-nyc-web-

startups-focused-on-fashion-real-estate-classifieds-education-more/ "Hero's Journey: A Look Inside This Year's Class of TechStars Boston Startups," June 14, 2011

http://www.xconomy.com/boston/2011/06/14/heros-journey-a-look-inside-this-year%E2%80%99s-class-of-

techstars-boston-startups/

TechTown Thrive http://techtownwsu.org/understanding-thrive/

Location: Detroit, MI

Founded: Founded in 2009 as SmartStart, evolved into Thrive in 2010

Teams accepted per year: Varies Investment/stipend: No investment, but Thrive can help companies access funding in the form of loans. Thrive

costs $50 for six months of access to workshops and forums

Equity stake required: None

Application info: http://techtownwsu.org/apply/ Application deadline: Rolling

Past and current companies: Mirafit and more

Self-description: "THRIVE is TechTown’s entrepreneurial experience. It is a marketplace full of resources to provide entrepreneurs with what they need when they need it. Its aim is to meet you where you are and connect

you to resources to propel you to success. The entrepreneurial journey starts with an idea and execution is the

bridge that leads to realized dreams. It is the bridge of execution that Thrive aims to support. Based on the entre-preneur’s business stage of development and entrepreneurial experience, THRIVE offers coaching, mentoring,

entrepreneurs in residence, industry experts, subject matter experts, workshops and forums, capital overview and

connections, physical space and networking. These resources are provided with an aim to core entrepreneurial

outcomes that TechTown can be best in class at supporting. These core outcomes include, business idea feasibil-ity, funding strategy, business plan, polished pitch, revenue generation, job creation and more. THRIVE caters to

new and to serial entrepreneurs with business ideas from the early to growth stages of development. Its primary

industry focuses are supply chain management & logistics, arts & entertainment (creative sector), alternative en-ergy, advanced manufacturing and life sciences."

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 32: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 32

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Tech Wildcatters (member of the TechStars Network) http://techwildcatters.com/

Location: Dallas, TX

Founded: 2010

Teams accepted per year: 8 to 10

Investment/stipend: $20,000-$25,000 Equity stake required: 2 per to 10 percent of a company’s common founding stock

Application info: http://techwildcatters.com/apply/

Application deadline: July 24 (in 2011; future deadlines TBA) Past and current companies: Sparkcrowd, Nimbix, Vignature, RentSavvy, Proxomo, Concepta Systems, College-

JobConnect, ImageVisionLabs, and more

Self-description: "Here at Tech Wildcatters, we know what we're good at and we know where we can add value. Dallas is a business town plain and simple. If you have a web, gaming or software startup that receives some or all

of its revenue from businesses, then you are probably right for us. We are looking for smart capable teams of 2 or

more entrepreneurs who can execute. Each chosen company will receive $20-25K in seed capital and access to

our remarkable mentors and sponsors, all focused on getting your company to the next level."

TheFunded Founder Institute http://www.founderinstitute.com/

Location: Boston, MA; Denver, CO; Los Angeles, CA; New York, NY; San Diego, CA; Silicon Valley, CA (origi-nal location); Seattle, WA; and Washington, DC

Founded: 2009

Teams accepted per year: 25 to 50

Investment/stipend: None. The Founder Institute introduces entrepreneurs to angel and venture investors through-out the program

Equity stake required: Teams pay application fee and a course fee, and each graduate contributes 3.5 percent of

their company equity in warrants to a 10-year Bonus Pool with other peers from the current semester. If a com-pany is successful and receives significant financing from third parties, the Institute asks that the company pay a

one-time Tuition of $4,500, which supplies the growth capital for the Institute

Application info: http://www.founderinstitute.com/users/new?flag=Founder Application deadline: Boston, January 3; Bay Area/Silicon Valley, June 22; Denver, May 1; San Diego, September

11; Seattle, October 10; Los Angeles, February 16; New York, March 13; Washington, DC, September 25 (dates are

for 2011; future deadlines TBA)

Past and current companies: CauseVox, MicroMobs, Opportunity Green, Giv.to, Retailigence, Skydera, Breezy, Cloud Canvas, CouplesSpark, and more

Self-description: "The Founder Institute is a global network of startups and mentors that helps entrepreneurs

launch meaningful and enduring technology companies. Through our four month pre-seed incubator program, you can launch your dream company with expert training, feedback, and support from experienced startup CEOs,

while not being required to quit your day job. Our unique Bonus Pool also shares equity upside with all partici-

pants, creating local, teamwork-based ecosystems where great startups can flourish. The Founder Institute's goal

is to globalize Silicon Valley by launching 1,000 meaningful and enduring technology companies per year in 30 cities worldwide. It was founded in 2009 by serial entrepreneur, Adeo Ressi, and to this day is still operated out of

a small garage in the heart of Silicon Valley."

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 33: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 33

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Xconomy coverage:

"Founder Institute, Early Stage Startup Program, Comes to Seattle Thanks to a Gaming Connection," October 27, 2009

http://www.xconomy.com/seattle/2009/10/27/founder-institute-early-stage-startup-program-comes-to-seattle-

thanks-to-a-gaming-connection/

"Enrollment Begins at Founder Institute After Inaugural Class Completes Training," March 1, 2010 http://www.xconomy.com/san-diego/2010/03/01/enrollment-begins-at-founder-institute-after-inaugural-class-

completes-training/

"Born in Silicon Valley, Founder Institute Expands to Boston," May 10, 2010 http://www.xconomy.com/boston/2010/05/10/born-in-silicon-valley-founder-institute-expands-to-boston/

Varick Street Incubator (NYU-Poly) http://www.poly.edu/business/incubators/160-varick

Location: New York, NY

Founded: 2009

Teams accepted per year: Varies. NYU-Poly accepts 10 to 30 companies across its incubator network of BEST,

DUMBO, NYC ACRE, and Varick Street

Investment/stipend: None. Companies based on NYU-Poly intellectual property receive space and services at

low- or no-cost a. A license agreement must be in place. (Other companies pay a higher rate of $300 per month to access the space and services such as access to student interns, R&D support, funding connections, and adminis-

trative services.)

Equity stake required: None

Application info: http://www.poly.edu/business/incubators/160-varick/apply

Application deadline: Rolling, leases are typically around six months

Past and current companies: Gridlex, Brightmap, Buzzr, CBInsights, PatientPlus, Social Amp, Pixable, Baba Apps, Ultra Light Startups, Brainscape, and more

Self-description: "The NYU-Poly Varick Street Incubator combines next-generation technology with highly

adaptable business models. We leverage the wealth of global talent found in New York City to assist entrepre-

neurs. We help emerging companies to transform into thriving businesses with highly valuable products and serv-ices. The incubator shortens the time from innovation to impact, and provides the guidance, expertise, and re-

sources that start-ups need to grow into scalable ventures that bring economic growth to the greater New York

area. NYU-Poly and the City of New York launched the Varick Street Incubator as part of Mayor Bloomberg’s Five Borough Economic Opportunity Plan in July 2009. The incubator is an integral component of NYU-Poly’s

i2e philosophy (invention, innovation, and entrepreneurship)."

Xconomy coverage:

"NYU-Poly Varick Street Incubator Taps Into Student Talent and Helps Startups Grow Up," April 27,2011

http://www.xconomy.com/new-york/2011/04/27/nyu-poly-varick-street-incubator-taps-into-student-talent-and-

helps-startups-grow-up

Y Combinator http://ycombinator.com/

Location: Mountain View, CA

Founded: 2005 Teams accepted per term: 60-70

Investment/stipend: $11,000 + $3,000 per founder

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 34: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 34

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

Equity stake required: 2-10 percent, usually 6 or 7 percent Application info: http://ycombinator.com/apply.html

Application deadline: March !" (in 201#; future deadlines TBA)

Past and current companies: Dropbox, Airbnb, Justin.tv, Loopt, Heroku, Wufoo, Weebly, Scribd, Xobni, and

Posterous, and more Self-description: "In 2005, Y Combinator developed a new model of startup funding. Twice a year we invest a

small amount of money (average $18k) in a large number of startups (currently 63). The startups move to Silicon

Valley for 3 months, during which we work intensively with them to get the company into the best possible shape and refine their pitch to investors. Each cycle culminates in Demo Day, when the startups present to a large audi-

ence of investors. But YC doesn't end on Demo Day. We and the YC alumni network continue to help founders

for the life of their company, and beyond."

Xconomy coverage:

"The Y Combinator Class of Summer 2010," August 16, 2010

http://www.xconomy.com/san-francisco/2010/08/16/the-y-combinator-class-of-summer-2010/

"The Definitive Y Combinator Demo Day Debrief," August 25, 2010 http://www.xconomy.com/san-francisco/2010/08/25/the-definitive-y-combinator-demo-day-debrief/

"Y Combinator’s Winter 2011 Demo Day: The Definitive Debrief," March 24, 2011

http://www.xconomy.com/san-francisco/2011/03/24/y-combinators-winter-2011-demo-day-the-definitive-debrief/ "The Y Combinator Class of Winter 2011," May 5, 2011

http://www.xconomy.com/san-francisco/2011/05/05/the-y-combinator-class-of-winter-2011/

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6

Page 35: Startup School: The Xconomy Guide to Venture Incubators ...€¦ · XCONOMY.COM 1 © 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written

!

!

!

XCONOMY.COM 35

© 2011 Xconomy, Inc. Reproduction in whole or in part in any form or medium without express written permission is prohibited.

XCONOMY is a registered service mark of Xconomy, Inc.

California • 500 Startups

• AngelPad

• Ansir Innovation Center

• Berkeley Ventures

• BetterLabs

• CONNECT Springboard

• Dogpatch Labs

• EvoNexus

• Greenstart

• GrowLab

• I/O Ventures

• KickLabs

• Launchpad LA

• Plug and Play Tech Center

• QB3 Garage Innovation Network

• Rock Health

• Semantic Seed

• StartX

• Studio G

• Summer@Highland

• TheFunded Founder Institute

• Y Combinator

Colorado • CleanLaunch Technology Incubator

• TechStars

• TheFunded Founder Institute

D.C. • Springboard Enterprises

• TheFunded Founder Institute

Florida • Gazelle Lab

• The HuB

• Incubate Miami

Georgia • Flashpoint

Illinois • Excelerate Labs

• Illinois Launch

Indiana • SproutBox

Louisiana • Launchpad Ignition

Massachusetts • Dogpatch Labs

• MassChallenge

• Summer@Highland

• TechStars

• TheFunded Founder Institute

Michigan • Ann Arbor Spark Incubator Network

• Bizdom U

• Momentum

• TechTown Thrive

Missouri • Kauffman Labs

New Hampshire • New Hampshire Innovation Com-

mercialization Center

New York • BEST (NYU-Poly)

• Blueprint Health

• Dogpatch Labs

• Downstate Biotechnology Incubators

• DreamIt Ventures

• DUMBO (NYU-Poly)

• Entrepreneurs Roundtable Accelerator

• First Growth Venture Network

• General Assembly

• NYC ACRE (NYU-Poly)

• NYC SeedStart

• TechStars

• TheFunded Founder Institute

• Varick Street Incubator (NYU-Poly)

North Carolina • Joystick Labs

Ohio • Bizdom U

• Brandery

Pennsylvania • AlphaLab

• DreamIt Ventures

• GoodCompany Ventures

Rhode Island • Betaspring

South Carolina • The Next Big Thing

Tennessee • Jumpstart Foundry

Texas • Austin Technology Incubator

• Capital Factory

• Tech Wildcatters

Utah • BoomStartup

Washington • Accelerator

• TechStars

• TheFunded Founder Institute

Canada • Bootup Labs

• GrowLab

Buyer: Erin Kutz ([email protected])Transaction ID: jg-lozuvk3892078e6