From the Blogosphere
D.C. Company Launches Incubator for Tech Start-ups
More than 75 start-ups have already agreed to participate
By: Tim Watson
Apr. 16, 2013 11:07 AM
1776 is a new company that has launched in Washington, D.C. meant to act as an incubator for area technology start-ups.
The new company launched eight weeks ago on the 12th floor of an office building downtown and has had 75 companies sign up for its space as part of its offerings.
The tech-oriented companies are focusing mostly on health, education, fashion and green energy, according a Washington Post article.
“We’re only interested in helping scalable businesses,” said 1776 co-founder Donna Harris. “They don’t have to have funding, but they have to have the potential for funding.”
To be included in the workspace, start-ups pay $500 per desk every month or $250 for roaming desk space.
According to the article, 1776 received a $200,000 grant from the D.C. government, which will help keep costs down.
There were 200 applications to be a part of the program and another incubator deal is expected in the District in the next few months.
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