757 Startup Studios Norfolk, a non-profit incubator, has announced the addition of 22 new companies to its non-traditional co-working space dedicated to early-stage entrepreneurs. These new businesses vary widely in their scopes, from a cryptocurrency gaming company to a software platform for the automotive retail industry. Joining eight returning companies in the Assembly building, these startups will enjoy access to a wide range of resources, including six months of free rent, tailored programming, mentorship, and support partners. The program has already seen significant success, with 42 high-paying jobs created and millions of dollars in investment capital and revenue generated by companies within the 757 Startup Studios Norfolk so far.
Introduction
From INSIDE BUSINESS By SANDRA J. PENNECKE
757 Startup Studios Expansion
The nonprofit incubator released the names of 22 new companies joining the nontraditional coworking space that serves early-stage entrepreneurs.
New Business Ventures
The new businesses range from a cryptocurrency gaming company to a skin care boutique and clothier to a software platform for the automotive retail industry.
Joining the Assembly Building
On Nov. 29, the new businesses will join eight returning companies within the Assembly building. All the startups have access to a variety of resources including six months free rent, tailored programming, mentorship, and assistance from support partners.
Growth and Impact
To date, 42 new high-paying jobs have been created by companies within 757 Startup Studios and spawned millions of dollars in investment capital and revenue, according to the program.
Future Outlook
Hunter Walsh, 757 Startup Studios program manager, said in a news release that the studios look forward to building on the momentum with the new wave of founders.
“In six months time, we have welcomed over 2,000 people into our space, facilitated 62 programs, and continue reducing barriers and obstacles for early-stage founders around the region,” Walsh said.
Sandra J. Pennecke, 757-652-5836, sandra.pennecke@insidebiz.com
Question & Answer
1. What is 757 Startup Studios Norfolk?
757 Startup Studios Norfolk is a non-profit incubator dedicated to early-stage entrepreneurs.
2. How many new companies have been added to the 757 Startup Studios Norfolk?
22 new companies have been added to the 757 Startup Studios Norfolk.
3. What resources are available to the startups at 757 Startup Studios Norfolk?
Startups at 757 Startup Studios Norfolk have access to six months of free rent, tailored programming, mentorship, and support partners.
4. How many high-paying jobs have been created by companies within 757 Startup Studios Norfolk so far?
42 high-paying jobs have been created by companies within 757 Startup Studios Norfolk.
