Kickstarting Innovation Engines

New firm provides spark for startups

Last week TechCrunch reported that the Capital City added a new fuel for entrepreneurs with the debut of the Capital Factory, an incubator for young enterprises founded in January. Modeled after YCombinator, a successful incubator in Silicon Valley, Capital Factory terms itself a "seed stage mentoring program."


The firm is accepting applications until 11:59 pm PACIFIC TIME April 3 for startups interested in joining the inaugural class. Capital Factory will provide $20,000 for up to 5 percent equity in the company, as well as run entrepreneurs through a 10-week course run by 10 experienced business leaders. To view Capital Factory's YouTube video, click here. .:.