GP Tech Labs presents a new model for accelerator programs – providing the capital, workspaces, and business community needed for high-potential tech companies to grow and thrive.
WASHINGTON, D.C. (PRWEB) February 17, 2015
GP Tech Labs, a business hub sponsored by Gardner Prescott Technology Ventures and located in the epicenter of Washington, D.C., is now accepting applications for innovative technology and eCommerce companies to join its inaugural startup cohort.
“We established GP Tech Labs to fill a gap in the D.C. startup market,” stated Peter Dodge, founder of Gardner Prescott Technology Ventures. “GP Tech Labs presents a new model for accelerator programs – providing the capital, workspaces, and business community needed for high-potential tech companies to grow and thrive.”
Grounded in the values of collaboration and mutual success, GP Tech Labs provides:
- Capital – GP Tech Labs exchanges rent-free space for the right to invest in future equity rounds. Unlike many other accelerators, it pays for all the stock it receives.
- Office Space – Located in the heart of downtown, in Farragut Square, GP Tech Labs offices feature state-of-the-art conference rooms, floor-to-ceiling windows, and multiple collaboration spaces.
- Community – GP Tech Labs has as co-tenants the Mid-Atlantic Venture Association (MAVA) and Jefferson Education Accelerator (JEA) and regularly hosts venture capitalists and other early stage investors. Portfolio companies are selected for their ability to contribute to the hub community, as well as their likelihood of growing and receiving venture investment.
“GP Tech Labs is bringing valuable, new resources to the market with its investor-owned accelerator,” said Julia Spicer, Executive Director of MAVA. “As a partner to many different accelerators, both regionally and nationally, we welcome GP Tech Labs to D.C.’s vibrant start-up scene.”
Day-to-day operations of GP Tech Labs will be run by Ben Lieblich, CFO of Gardner Prescott, which to date has funded nine early-stage technology, ecommerce and consumer products companies.
GP Tech Labs is seeking additional opportunities to recruit new technology and ecommerce startups to join its ranks. To apply and learn more about the GP Tech Labs mission, visit http://www.gptechlabs.com.