Did you know that the sixth-largest venture capital market in the U.S. since 2010—in terms of deal flow by state—has been Pennsylvania? 311 different VC investors have completed at least one deal in the state during the timeframe, investing a combined $2.83 billion, according to the PitchBook Platform. 79 of the firms manage between $100 million and $500 million of assets, while another 29 manage between $1 billion and $2 billion. Notable investors that have been active in Pennsylvania and are not on the top five list include New Enterprise Associates, KPCB, Polaris Partners, OrbiMed Advisors and Sofinnova Ventures. Read the full article HERE via my.pitchbook.com.
Here’s how this 27-year-old founder (Adam Lyons, the Zebra) is rewriting the rules of the road. Check out the article via inc.com here:
AND vote for Adam to be Inc’s top under-30 founder of 2015!
Cast your vote here: bit.ly/1Ek5U61
More than five hundred companies submitted their web-based products to the seventh annual SXSW Accelerator. Three AlphaLab/AlpaLab Gear alumni made it to the finals in the categories of Wearable Technologies, Enterprise and Smart Data Technologies, and Digital Health and Life Sciences Technologies. All of the Interactive finalists were able to showcase their products on Saturday, March 14 and Sunday, March 15 at the Hilton Downtown Austin.
— Prezi (@prezi) March 14, 2015
— SolePower (@SolePowerTech) March 15, 2015
AlphaLab was named One of the top 20 accelerators in the Us!
It’s an honor to be recognized on this list and it’s a reflection on our strong network of startups, investors, and entrepreneurs who provide our companies with the resources and tools they need to rapidly iterate, engage with customers, expand, and succeed. The report also shows the rapidly growing and changing dynamics of the accelerator landscape and funding market in general and we are continuously working to evolve our program to best position our companies in this environment. We were also proud to see that the Pittsburgh ecosystem ranked #6 in regions whose funding was impacted by accelerators:
On Thursday night a panel of entrepreneurs and startup folks got together at TechShop, Austin to talk tech. Afterwards, 6 companies pitched to a standing room only audience. Out of all of the great pitches, Curb Energy took home the cup (…literally). Check out some of the great quotes from the panel below!
Stay tuned to our Facebook and Twitter to hear more about what’s going on at AlphaLab!
WHAT IS THE NATIONAL HARDWARE CUP?
AlphaLab Gear and TechShop, a membership-based, do-it-yourself workshop and fabrication studio with locations nationwide, are launching the AlphaLab Gear National Hardware Cup to find the top hardware ideas in each of the eight cities where TechShop has a location. Starting February 11 in Detroit, the AlphaLab Gear National Hardware Cup team will travel to each of the other TechShop locations to host a pitch competition for startups creating a physical product. The culmination of the competition is inPittsburgh where the national winner will receive a $50,000 grand prize investment from StartBot, a venture capital firm focused on robotics, plus product design software and other prizes from Autodesk Fusion 360, the official software partner of the National Hardware Cup. Full details can be found at www.hardwarecup.com
The pitch competitions will feature six teams in each city selected by the AlphaLab Gear team from online applications. The order of cities hosting the Hardware Cup will be: Detroit, Washington D.C., Austin, Phoenix, San Francisco, Redwood City, San Jose and Pittsburgh. Each company or team will give a four-minute pitch to a panel of judges from the investment, hardware and software community who will then have five minutes to ask questions. Winning teams from each city will get $1,000 cash, a single year-long TechShop membership, and Fusion 360 software and support from Autodesk. Teams will be judged on: 1) commercial viability, 2) team capability, and 3) demonstrated commitment. Select finalists will be chosen to compete in a grand-prize competition held later this spring in Pittsburgh at AlphaLab Gear. AlphaLab Gear is a project of Innovation Works, one of the country’s most active seed-stage investors and the organization which operates top-ranked accelerators AlphaLab (all technologies) and AlphaLab Gear (hardware companies).
“There are so many great ideas for physical products that entrepreneurs dream up from their work experience as a designer or engineer, a university project that a team of students is trying to solve, or just an imaginative leap from an individual,” says Ilana Diamond, managing director of AlphaLab Gear. “We want to tap into all these brilliant ideas and give people a way to fund and commercialize their vision,” continues Diamond. “The AlphaLab Gear National Hardware Cup takes what we know from our experience running one of the nation’s first accelerators for hardware companies and marries that with the technical expertise and reach of TechShop. With StartBot providing funding for the winner and Autodesk providing software and other resources, the National Hardware Cup can help launch a great idea. ”
“We’re excited to host the AlphaLab Gear National Hardware Cup in each of our TechShop locations,” says Jim Newton, TechShop founder. “This national competition is a great opportunity for us to inspire members of the maker community to go ahead and build their dreams, just like we did with TechShop. We hope to see the next big invention and commercial success rise from this challenge.”
The AlphaLab Gear National Hardware Cup is free for participants and easy to enter. The six teams or individuals pitching in each city will be selected based on their one-page application. To apply, go to: www.hardwarecup.com
As you may have heard or read in today’s Pittsburgh Business Times, we moved out of our original Southside location at the end of December and are planning to move into the same building in E. Liberty where AlphaLab Gear is located. We are very excited by this move but did not come to this decision lightly as the original AlphaLab location provided many memories and inspirations. We held our first five Demo Days there and it was the starting point for many Pittsburgh startup companies and founders that are now a part of the local ecosystem.
A big factor behind this decision is the opportunity we see to provide greater value to the companies in both AlphaLab and AlphaLab Gear by having the two programs located next to each other. This proximity creates a greater density/network effect between the companies, mentors, and our team and provides greater opportunities for learning, collaboration. With the major trend of hardware and software coming together (e.g. connected devices, IoT), having AlphaLab and AlphaLab Gear under the same roof will bring unmatched capabilities in the global accelerator landscape and highlight the unique strengths of Pittsburgh.
Furthermore, the AlphaLab companies will benefit by being part of the growing tech community in E. Liberty (and the East End) with community partners such as Thrill Mill, StartBot, CMU, Pitt, Beauty Shoppe, TechShop, Google next door or nearby and alumni companies such as Treatspace, NetBeez, Hability, Sole Power, Piecemaker, Identified Technologies, LifeShel, MegaBits, Covey and Easely all within walking distance.
We are looking forward to starting the Winter cycle next week in our temporary location at the Beauty Shoppe at the Cube (located across from Whole Foods). The team at the Beauty Shoppe has been a great partner in working with us while we prepare the new space for move-in, sometime this spring. We look forward to having events there so you can come by and meet the companies!
Pittsburgh’s success provides important and surprising clues. Read more via The Atlantic