1776 (company)

1776 is an international startup incubator based in Washington, D.C. and was founded by Evan Burfield and Donna Harris in 2013.[1] 1776 is a public benefit corporation that scouts and funds high-growth startups in the US and internationally focused on solving societal challenges in sectors like education, energy, transportation and financial services. 1776 started with 200 member companies in its first year and has now grown to have an international presence with offices across the United States and in Dubai.

History

1776 was started in partnership with several established organizations including Comcast, Microsoft and the District of Columbia which serve as 'Founding Partners'.[2] In 2015, 1776 closed its first seed fund at $12.5 million.[3]

Since its founding, more than 700 companies have gone through the incubator program which includes startups across the fields of healthcare, transportation, energy, education, and smart cities. Some of the health companies include: Babyscripts, CancerIQ, Cognotion, Dorsata, and Orchestra One.[4] Aquicore, a D.C. energy software startup incubated by 1776, closed a $5 million round of Series A funding in 2016.[5]

Programs

1776 is part of an international network of business incubators called the Startup Federation. The network allows members of partner incubators to use the 1776 space on a limited basis while visiting Washington, D.C. and take part in some of the campus's events.[6] The incubator focuses on companies who work within the regulated industries of education, energy, healthcare and smart cities, making D.C. a logical place to navigate that regulation.

The 1776 Campus opened in April 2013. A partnership with entrepreneurial educational institution General Assembly was announced on September 9, 2013, and as a result, 1776 now holds full-time immersive programs, courses, classes and workshops in technology, business, and design at the Campus.[7] Classes cover a range of startup-related skills and disciplines, including law, marketing, data visualization, and web development.[8]

References

  1. ↑ Lorenz, Taylor. "This Incubator Only Accepts Startups That Can Actually Improve The World". Businessinsider.com. Retrieved 9 January 2017.
  2. ↑ O'Connell, Jonathan. "Tech hubs in D.C. and Arlington combine with 1776 acquisition of Disruption Corp.". Washingtonpost.com. Retrieved 9 January 2017.
  3. ↑ Clabaugh, Jeff. "Calling all startups: 1776 closes first seed fund. Check out the details.". Bizjournals.com. Retrieved 9 January 2017.
  4. ↑ Baum, Stephanie. "1776 will lose cofounder as leadership departures at incubators, accelerators continue". Medcitynews.com. Retrieved 9 January 2017.
  5. ↑ Reed, Tina. "1776 company that makes 'Fitbit for buildings' raises $5 million". Bizjournals.com. Retrieved 9 January 2017.
  6. ↑ Chappellet-Lanier, Tajha. "Here’s what’s up with 1776’s ‘Startup Federation’ and ‘Union’ platform and all that". Tehnical.ly. Retrieved 9 January 2017.
  7. ↑ "1776 Creates Startup Hub In DC". Bizjournals.com. Retrieved 9 January 2017.
  8. ↑ "U.S. Chamber, Startup Incubator 1776 Release Innovation that Matters, Spotlight Methods to Build Successful Innovation Economies in Cities". USChamber.com. Retrieved 9 January 2017.
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