Monday, February 25, 2008

Innovation Works Announces AlphaLab

Last Friday, Innovation Works (IW) announced the creation of AlphaLab, a rapid-product development accelerator for software, game development and internet-related startups. As mentioned in these articles in the Pittsburgh Business Times and Tribune-Review, we are hopeful that AlphaLab will serve as a focal point for software developers in the Pittsburgh region, and can help launch some of the next wave of software, gaming and web-related companies.

Every six months, 6 companies/teams will be selected to participate in a six-month intensive program. Companies will receive a $25,000 investment from IW, free office space in AlphaLab's 5,000 sq. ft. South Side facility, staff support to assist with various aspects of launching the product, access to a network of beta-testers and input from business advisors and experienced software entrepreneurs. The deadline for applications is March 31. Anyone interested in applying should go to www.iwAlphaLab.org and fill out the online application. Selected teams will be notified in early May, and move-in day is June 2nd.

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