$20,000 equity-free funding for 10 teams in Richmond, Virginia.
Applications will open for Summer 2020 in January.
The Lighthouse Labs "University Initiative" is a GO Virginia funded initiative providing alumni founders of Virginia colleges & universities with access to capital connections, and customers.
Cohort requirements & timeline
We have a few guidelines that help us grow the strongest companies:
At least one founder must be graduating from or graduated from a Virginia public or private 2- or 4- year undergraduate/graduate program between May 2015 - May 2020.
Company should be a technology driven service or product in the innovative web, mobile application, service, SaaS and product solution companies with particular interest in consumer marketing and analysis, education, enterprise, healthcare, security and manufacturing sectors. We are open to considering teams in other industries – if you have a really excellent idea and traction.
Team must be willing to have at least 2 founders relocate or currently live in Richmond for the duration of the 13-week acceleration program. We don't require you to stay in Richmond once you complete acceleration, but our funding requires your startup to form in Virginia and stick around for a while. Lighthouse U GO Virginia funding requires companies to stay in Virginia for 2 years post-acceleration, or repay 110% of the $20,000 investment.
Our focus is on scalable technology driven corporations. (We are not currently accepting non-profit organizations, but consider B corporations)