Today, the District of Columbia held a groundbreaking event for its new Inclusive Innovation Incubator that will be located on Howard University’s campus.
The incubator, scheduled to open in Fall 2016, will be a venture capital hub that will promote technology and innovation opportunities for underrepresented businesses in the District.
The new, first-of-its-kind hub was made possible due to a partnership between the District and Howard University that was announced a year ago. According to the March 11, 2015 press release from the Office of the Mayor, the effort was designed “to establish DC’s first Technology and Innovation Hub which will expand the District’s growing technology and innovation ecosystem.”
As the Mayor’s announcement explained, the arrangement “will focus on leveraging University resources for venture capital firms to support medium to late-stage technology and innovation startups.” The March 11th press release noted that the city would make an investment to the university while the latter would provide the office space for the hub.
Last month, Mayor Muriel Bowser and Howard University President Dr. Wayne A. I. Frederick selected a tech company to operate the incubator. According to its February 16, 2016 press release, Howard University said “Luma Lab was chosen from an elite group of technology and entrepreneurship organizations to operate the innovation hub.”
Howard University’s February 16th press release further stated:
Today’s groundbreaking event was held on Howard University’s campus at the site of the future incubator. The storefront space is currently unfinished, very spacious, and includes a loft area that can be accessed from front and rear staircases.
Brian Kenner, Deputy Mayor for Planning and Economic Development, kicked off the event. Mayor Bowser spoke about how Washington, DC is uniquely positioned to be an excellent hub for inclusive innovation and technology.
Other event participants included Brianne K. Nadeau, DC Council Member (Ward 1), and Aaron Saunders, the head of Luma Lab and CEO of Clearly Innovative Inc.
As shown in the photo, above, the event was well attended. The photo was taken from the loft.
Check out the other half of the space, below.
It is important to note that the innovation hub will be multidimensional. The hub will be a place for, among other things, training, mentoring, services, events, and co-working space.