Hub Ventures and Lakeland Ventures Development Renew Collaboration to Accelerate Human Safety Innovation
SAN FRANCISCO and GROSSE POINT, Mich., Oct. 03 /CSRwire/ - Hub Ventures (www.hub-ventures.com), a startup accelerator for entrepreneurs building a better world, and Lakeland Ventures Development (LVD) (www.lakelandventuresdevelopment.com), a privately-held retained business development and investment firm, today announced the second year of their innovative collaboration to identify and accelerate the growth of startup companies developing breakthrough product and service technologies that save lives and improve human safety, health and wellbeing.
“Hub Ventures is fast becoming the accelerator of choice for savvy entrepreneurs building scalable, for-profit companies addressing social and environmental issues,” said Scott Flood, an LVD founding partner, “and their intensive 12-week development program reflects deep commitment to impact entrepreneurs along with a clear understanding of what they need to do to build a successful business and raise investment capital.”
In this collaboration, Hub Ventures will identify a subset of three human safety focused startups to participate in its upcoming Spring 2013 cohort. Upon selection, companies will have access to extensive business development resources, expert mentor counsel, and a home-base in the HUB SoMa collaborative working space. Each startup will receive seed funding of up to $20,000 from LVD and will be eligible to receive follow-on funding up to $75,000 upon completion of the Hub Ventures program.
“Corporations are increasingly looking outside of their own organizations for innovation and new sources of revenue”, said Rick Moss, Hub Ventures Founding Director. “LVD is at the forefront of this Open Innovation movement, working with their corporate partners to source innovations from the startup community and beyond. Together Hub Ventures and LVD are creating an Open Innovation platform, a new business identification and development model we intend to replicate and expand to different sectors of interest.”
Hub Ventures provides funding and support to technology-powered and other scalable startups focused on a variety of impact themes including economic opportunity, health & safety, environmental sustainability, collaborative consumption, and civic engagement. This year’s Spring 2012 cohort featured 7 high-caliber startups including three in human safety: StreetOwl, which saves the lives of teen drivers by incentivizing them to drive more safely; DIIME, which improves infant and maternal health outcomes in the developing world; and CheckInOn.Me, a proactive, automated personal safety system. Hub Ventures is now taking applications for its Spring 2013 cohort, and entrepreneurs can apply at hub-ventures.com/apply through December 10th.
About Hub Ventures
Hub Ventures is a startup accelerator for entrepreneurs building a better world. The program operates 12-week cohort cycles during which startups receive up to $20,000 in seed funding and engage in mentorship, peer collaboration, workshops, speaker events, and investor connections. Hub Ventures is based at the Hub Bay Area, a purpose-driven collaborative workspace with over 1,300 members in San Francisco and Berkeley and connected to 30 other locations through the global Hub network. Hub Ventures is a member of the Global Accelerator Network, an alliance championed by TechStars. For more information, please visit www.hub-ventures.com.
About Lakeland Ventures Development
Founded in 2011, Lakeland Ventures Development LLC (LVD) identifies, develops, and invests in in startup and established companies developing human safety and life saving technologies. A private and corporate funded partnership, LVD makes strategic business investments independently and with affiliate organizations that value their domain focus and access to deal flow through a growing network of startup accelerators, venture capital firms, and university labs. LVD's hybrid service model combines patient capital with brand and business development counsel and technical product development and manufacturing expertise. For more information, please visitwww.lakelandventuresdevelopment.com.
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