The entrepreneurs and startups require many resources such as a working environment, networking with a professional, mentor(s) and funds to grow and develop startups. Incubators are a non-profit organization, who are general partners or collaborating with government organizations, public/ private companies, colleges, and universities. Incubators help startups and entrepreneurs in arranging resources. At present, there are several active incubators in the Washington D.C area. If you are in Washington DC, you should contact them and share your business plan to arrange any desired resource. Here is a list of some top incubators in DC area you should check out:
1776 is one of the oldest and most popular incubator space in DC. The main objective is to help startups to grow and develop business. Their main focus is on innovative and challenging industries, such as education, energy, health, transportation, and other industries. Currently, they are working with the largest network of entrepreneurs. The promoters of 1776 believe that startups having innovative ideas have abilities to change the world. If they are provided with sufficient resources, such as infrastructure space, funds, workers, and others. The resources are essential for the scaling of their business on a large scale and future growth. The expert and experienced mentors help startups in maximizing their potential by identifying the market for their business. For the resources, they connect the startups with their global network of institutions, investors, and other partner companies.
WeWork Labs have started its business in 2010 to assist the startups and early-stage businesses. They provide entrepreneurs with in-house training programs to help them in maximizing their business potential. They have an innovative team to guide the entrepreneurs in scaling their business ideas and help them to convert them into reality. They are in partnerships with universities, colleges, governments/private companies located in the Washington, DC area. The member’s entrepreneurs are benefited by making resources available such as funds from the investors, mentoring and leadership from experts, networking with the institutions.
Halcyon incubator was incorporated with a focus on social welfare startups. Therefore, they equip young social businesses that require support to convert their ideas into scalable ventures. The entrepreneurs are encouraged with a free, collaborative, and supportive environment and helping them to convert their ideas into reality. The assistance is provided for a minimum tenure of 18 months with significant resources such as infrastructure, funding, staffing, mentoring, leadership. They also conduct 14 days program only for the designing of social and innovative ideas.
Global Development Incubator
Global development incubators focus on startups having a social impact on a large scale. They have developed a foundation for startups that can increase their efficiency and maximize their potentials. They conduct programs: the initiative incubator and the social enterprise accelerator, for the better implementation and scaling of their ideas. GDI has experienced mentors that assist them in scaling their business. They provide the startups with resolutions to the complex issues that they have already tracked. They connect the startups with the networks of investors, institutions, and partners across the sectors. They help the startups in the arrangement of the essential resources, such as funding, infrastructure, workers, and other resources. To avail of the benefits, the startups have to enter into a partnership with GDI. The GDI assist their partners for 2-3 years and support their innovative ideas to transform into reality. A continuous review process is conducted to make their ideas more effective and successful.
Inclusive Innovation Incubator
Inclusive innovation incubator is a Washington, D.C area based incubator having 8,000 square feet of the area available in the district of Columbia. They focus on inclusion, innovation, and incubation of startups and early-stage businesses. It is a technology-based incubator that has the objective of providing the tech entrepreneurs with technical guidance, support that will help them in their future growth. The entrepreneurs are provided with an entrepreneurial environment so that they can implement on their innovative ideas. The IN3 considers incubated startups and young businesses as members. The members are provided with sufficient resources, such as funds from investors, mentoring and leadership programs, networking of institutions, infrastructure, office space, and other resources. Through this, they are contributing to the growth and development of their ideas into reality. They have initiated a program (glow and grow) with a focus on women entrepreneurs, technologists, and creators.
TasteLab is an incubator that focuses on incubating the commercial and kitchen based companies. They have memberships available for bakers, caterers, confectioners, meal makers, and other entrepreneurs associated with food and beverage industries. The members are benefited from the resources they are lacking with and enabling them to convert their ideas into reality. They have experienced mentors that assist startups in connecting with the finance agencies, food suppliers, distributors, transporters, and other related contacts. In addition to the resources, they also provide designing and development services that are important for the growth of their business.
Fortify Ventures is a Washington, D.C Area-based incubator. It started the operation in the year 2011. Fortify Ventures focuses on providing resources to the technology industries as it is an initiative of several experienced entrepreneurs and investors. The startups and young businesses are provided with networks of institutions and capital from investors that are essential for their business growth and success. The expert mentor helps the incubated companies to resolve the common challenges that arise at the initial stages.