AlphaLab

Last updated
AlphaLab
Industry Startup accelerator
Founded2008;16 years ago (2008)
FounderJim Jen
Headquarters,
United States
Products Venture capital, investments
Parent Innovation Works
Website alphalab.org

AlphaLab is an American technology startup accelerator based in Pittsburgh, Pennsylvania. It was founded in 2008 by Jim Jen. AlphaLab has four tracks, Software, Hardware (AlphaLab Gear), Life Sciences (AlphaLab Health), and Robotics (Robotics Factory).

Contents

History

AlphaLab was founded in 2008 by Jim Jen to help startups develop and launch their products, grow their customer base, and secure venture capital funding. [1] The specific amount of funding provided by AlphaLab is up to $100,000, depending on the startup's needs and stage of development. AlphaLab follows a similar structure to Y Combinator. The accelerator is a subsidiary of Innovation Works, which receives funding from the state of Pennsylvania for economic development. It focuses on technology startups headquartered in the Pittsburgh region. [2] AlphaLab was one of the first 10 accelerators in the United States and one of the first 100 accelerators in the World.

AlphaLab created AlphaLab Gear (hardware track) in 2013 and AlphaLab Health (life sciences track) in 2021, each operating as part of the AlphaLab accelerator program. [3]

Programs

AlphaLab has four tracks, Software, Hardware (AlphaLab Gear), Life Sciences (AlphaLab Health), and Robotics (Robotics Factory). The AlphaLab program provides startups with many resources and mentorship support, including access to office space, funding, programming, and mentorship.

AlphaLab’s curriculum is built around three principles that they call "the 3 Cs": Customer, Capital, and Community.

In the past, the collective AlphaLab has hosted a Demo Day to showcase the latest technology produced by their startup cohorts. [4]

AlphaLab Gear

AlphaLab Gear, launched in 2013, is the hardware track of the AlphaLab accelerator, with a specific focus on supporting hardware, internet of things (IoT), and robotics startups. [5] [6] In the past, AlphaLab Gear hosted a yearly hardware startup pitch contest called the Hardware Cup where startups compete for $50,000 in investment. [7] [8]

AlphaLab Health

Launched in 2022, AlphaLab Health, is the healthcare and life sciences track of the AlphaLab accelerator. [9] It was billed as a collaboration between their parent company Innovation Works and regional hospital network Allegheny Health Network as a way to streamline medical device prototypes. [10] This became an evergreen fund in 2024 after a $10M anonymous donation. [11]

Alumni companies

See also

Related Research Articles

<span class="mw-page-title-main">Zebra Technologies</span> American technology company

Zebra Technologies Corporation is an American mobile computing company specializing in technology used to sense, analyze, and act in real time. The company manufactures and sells marking, tracking, and computer printing technologies. Its products include mobile computers and tablets, software, thermal barcode label and receipt printers, RFID smart label printers/encoders/fixed & handheld readers/antennas, autonomous mobile robots (AMR’s) & machine vision (MV), and fixed industrial scanning hardware & software.

Powerset was an American company based in San Francisco, California, that, in 2006, was developing a natural language search engine for the Internet. On July 1, 2008, Powerset was acquired by Microsoft for an estimated $100 million.

<span class="mw-page-title-main">Techstars</span> U.S. startup accelerator

Techstars is a global startup accelerator and venture capital firm founded in 2006 and headquartered in New York City. The accelerator provides capital, mentorship, and other support for early-stage entrepreneurs.

Athenahealth, Inc. is a privately held American company that provides network-enabled services for healthcare and point-of-care mobile apps in the United States.

<span class="mw-page-title-main">University of Waterloo Stratford School of Interaction Design and Business</span> Satellite campus of the University of Waterloo

The Stratford School of Interaction Design and Business, also known as the University of Waterloo Stratford School and formerly the University of Waterloo Stratford Campus, is a satellite campus of the University of Waterloo located in Stratford, Ontario, Canada.

Sandbox Industries is a venture capital firm located in Chicago. The firm focuses on connecting established corporations with disruptive startups via strategic corporate investment funds.

Harvard Innovation Labs (i-Lab) is an institution which aims to promote team-based and entrepreneurial activities among Harvard students, faculty, entrepreneurs, and members of the Allston and Greater Boston communities.

<span class="mw-page-title-main">Gridcentric</span> Software company based in Canada

Gridcentric, Inc. was a software company that provided virtualization technology for datacenters. The company's flagship product, Virtual Memory Streaming (VMS) reduced boot time, memory footprint and operating costs for virtual machines in the cloud.

HAX is a pre-seed, startup development program specializing in hard tech startups and headquartered in Newark, New Jersey. The 35,000-square-foot (3,300 m2) facility houses machine shops and mechanical, chemical, and electronics labs to support founders working on sustainability tech across climate, industrial automation, and human health. Operated by the U.S. venture fund SOSV, HAX also has offices in Pune, Shenzhen, San Francisco, and Tokyo.

Softeq Development Corporation is a privately held, full-stack development company focusing on low-level programming hardware,, and software apps for web, desktop, and mobile. Softeq builds end-to-end IoT and cloud infrastructure solutions, and provides technology business consulting services, and is an ISO 13485:2016 company with certified partnerships with Amazon, Microsoft, and Xamarin. Softeq serves Fortune Global 500 companies: Verizon, Epson, Purple Innovations, Microsoft, Lenovo, AMD, Disney, Intel, NVIDIA, and Halo by PAWS. From 2018 to 2021, Softeq appeared in Inc. 5000, the annual rankings of the fastest-growing privately-held companies in the United States. Softeq is headquartered in Houston, TX, with development centers in Vilnius, Lithuania, and Monterrey, Mexico with offices in Munich, Germany, and London, United Kingdom. Softeq has over 500 employees globally.

<span class="mw-page-title-main">Kerala Startup Mission</span>

Kerala Startup Mission (KSUM), formerly known as Technopark TBI, is a state-level agency under the Government of Kerala, India, dedicated to fostering entrepreneurship and incubation activities. Established primarily to manage the Technology Business Incubator (TBI), a startup accelerator, KSUM aims to cultivate a conducive environment for high-technology-based businesses.

<span class="mw-page-title-main">M12 (venture capital)</span> American corporate venture capital subsidiary of Microsoft

M12, formerly Microsoft Ventures, is a corporate venture capital subsidiary of Microsoft. Founded in March 2016, its mission is to be an active, strategic partner during a startup's growth, typically investing between Series A and D. The fund is managed by Michelle Gonzalez, formerly of Google.

<span class="mw-page-title-main">AIO Robotics</span> American 3D printing company

AIO Robotics is a Los Angeles, California-based company that produces 3D printer and 3D scanner technology.

mHUB is a business incubator for physical product development and manufacturing headquartered in Chicago.

<span class="mw-page-title-main">Chukwuemeka Fred Agbata</span> Nigerian technology entrepreneur and TV presenter (born 1979)

Chukwuemeka Fred Agbata Jnr. also known as CFA is a Nigerian journalist and a former television presenter at Channels TV. He is into digital marketing and known as a technology entrepreneur with focus on business coaching and public speaking. He hosted the first virtual telehealth conference of Nigeria’s telemedicine company, CareClick with the theme ‘The Future Of Healthcare Today’ on 24 September 2020. He was involved in various ICT-related companies that contributed to the development of the Founder Institute. He is known as the founder of Pacer Venture and has links with Climate Action Africa. He is the MD/CEO of Anambra State ICT Agency.

Dogpatch Labs is a startup and innovation hub situated in the Silicon Docks area of Dublin. The company's headquarters are located in the CHQ building. Dogpatch Labs consists of over 500 members from 100+ startups.

<span class="mw-page-title-main">Fusion LA</span> Israeli startup accelerator

Fusion VC is a venture capital firm and an accelerator for Israeli startups in the United States. It was founded in 2017 and is headquartered in the United States with offices in Israel.

<span class="mw-page-title-main">Opentrons</span> Bioscience liquid handler manufacturer

Opentrons Labworks, Inc. is a biotechnology company that manufactures liquid handling robots that use open-source software, which at one point used open-source hardware but no longer does. Their robots can be used by scientists to manipulate small volumes of liquids for the purpose of undertaking biochemical or chemical reactions. Currently, they offer the OT-2 and Flex robots. These robots are used primarily by researchers and scientists interested in DIY biology, but they are increasingly being used by other biologists.

The Samsung Catalyst Fund (SCF) is the evergreen venture capital fund of Samsung Electronics. The fund invests in deep technology, artificial intelligence and big data startups. The fund's headquarters are located in San Jose, California, with offices in Seoul, Tel Aviv, and Paris.

<span class="mw-page-title-main">CIIE.CO</span> Indian startup accelerator

CIIE.CO is an Indian startup accelerator and incubator that supports early-stage startups located at IIM Ahmedabad in Ahmedabad, India. It was founded in 2002 to promote innovation and entrepreneurship in India. It is a Center of excellence set up at Indian Institute of Management Ahmedabad with support from the Government of India's Department of Science and Technology and the Government of Gujarat.

References

  1. Doughty, Nate (February 23, 2023). "Innovation Works chief operating officer to depart after 20 years with startup investment firm". American City Business Journals . Retrieved March 20, 2023.
  2. Murray, Sarah (July 30, 2018). "Start-up accelerator AlphaLab nurtures the city's tech talent". Financial Times . Retrieved March 20, 2023.
  3. Works, Innovation (2020-09-24). "Launching AlphaLab Health!". Startups & Investment. Retrieved 2024-03-24.
  4. Trizzino, Eddie (May 24, 2017). "Getting Started with Startups: A Peek at Alphalab Demo Day". Pittsburgh Magazine . Retrieved March 20, 2023.
  5. Alsever, Jennifer (January 16, 2018). "9 Hot Startup Accelerators". CNN . Retrieved March 20, 2023.
  6. Nixon, Alex (November 19, 2013). "AlphaLab Gear picks 1st class". Pittsburgh Tribune-Review . Retrieved March 20, 2023.
  7. Conner, Foo (February 7, 2018). "Recap: Hardware Cup Mid-Atlantic Regional Competition". Jekko. Retrieved March 20, 2023.
  8. Guggenheimer, Paul (May 17, 2019). "Pittsburgh-based Yodel Labs wins AlphaLab Gear Hardware Cup". Pittsburgh Tribune-Review . Retrieved March 20, 2023.
  9. Bailey, Tia (June 10, 2021). "AlphaLab Health's 7 inaugural startups ready for prime time". NEXTPittsburgh. Retrieved March 20, 2023.
  10. Burkholder, Sophie (Feb 17, 2022). "Take a look at AlphaLab Health's new lab and startup coworking space". Technical.ly . Retrieved March 20, 2023.
  11. Malone, Katie (2024-06-19). "AlphaLab Health secures $10M for life sciences startup fund". Technical.ly. Retrieved 2024-12-31.
  12. Mitchell, Julian (Sep 27, 2016). "This Startup Uses Self-Flying Drones To Map And Manage Construction sites". Forbes . Retrieved March 20, 2023.
  13. Perez, Sarah (March 1, 2017). "Yelp picks up restaurant waitlist app Nowait for $40 million". TechCrunch . Retrieved March 20, 2023.
  14. "Igniting Innovation at AlphaLab Health". Highmark Health. Retrieved 2 February 2024.
  15. Hawkins, Lori (February 1, 2013). "Insurance Zebra raises $1.5 million and moves headquarters from Pittsburgh to Austin". Austin American-Statesman . Retrieved March 20, 2023.