We are excited to share our 2016 Impact Report . We encourage you to read our full report here. In the meantime, below are a few key highlights:
- Lighthouse has accelerated 27 companies
- 100% of our funded startups are still active
- Lighthouse has provided $340,000 in direct funding with 0% equity taken
- Our alumni have raised over $9.5 M in outsite investment capital
- Our alumni have generated over 90 jobs
- Our alumni have generated over $5.5 M in revenue
- We are readying our application process to receive new applicants for this fall's batch. Applications will open May 1. What you can do?
- Refer founders! If you know a great startup that wants to change the world as we know it and would like nationally recognized mentorship and $20,000 of funding without taking equity, then let them know to get ready to apply. We never mind meeting founders early and often!
- Refer us to events around the region where we can meet and greet founders who need our support and encouragement.
- We are working with our leadership team to envision the next three years of Lighthouse. Our current priorities include simply being better at every facet of acceleration, bolstering support for our amazing alumni, telling the story of Lighthouse and our founders, mentors and friends and potentially expanding our acceleration services to include year round programming. If you have something special you feel we should focus on to serve RVA and the high growth startup community better than ever before please let us know.
LIGHTHOUSE SCHEDULE OF ACTIVITIES
- MARCH - University Campus Visits
- APRIL - University Campus Visits
- MAY 1 - Applications Open
- JUNE 30 - Applications Close
- JULY - Company Interviews
- JULY - Accepted Companies Announced
- AUGUST - Program Beings
- NOVEMBER - Investor Road Show
- NOVEMBER - RVA Investor Demo Day
- NOVEMBER - Program Ends
Startup Champions Network Summit
In mid-February, Anika Horn represented Lighthouse Labs at the Startup Champions Spring Summit in Tampa, Florida. Together with over 40 innovation ecosystem builders from around the country, they discussed the latest trends and best practices in building healthy ecosystem for startups to flourish in. Here are some of her key takeaways:
- Engage with local and state government by understanding their priorities and work together to solve public issues through innovation
- Real-time data that reflects the health of innovation ecosystems is best gathered in a concerted effort from founders, mentors, investors and support organizations like accelerators and incubators
- Healthy innovation ecosystems are the result of open-mindedness, the willingness to collaborate and critical self-assessment
- Genuine relationships among startup supporters are the backbone of a strong ecosystem
- OccasionGenius kicked off its second capital raise Monday with initial pledges totaling $250,000 from seven investors - Read more here
- Hourwise spent time with Mayor Stoney talking about what they do and how they are helping their clients - Watch on periscope
DID YOU KNOW?
- 83% of the startups that have ever gone through an accelerator are either in business or have been acquired (based on GAN metrics)
UPCOMING COMMUNITY EVENTS