Difference between revisions of "RED Labs"

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RED Labs is the University of Houston's coworking space, startup accelerator, and technology entrepreneurship program. They work with UH-affiliated founders (faculty, students, and recent alumni of the past 6 months) to turn their technology startup ideas into high growth ventures by providing free co-working space, access to mentors and resources in the startup community, and customized startup curriculum. They are non-profit and take no equity.
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{{Institution
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During the summer, the accelerator accepts up to ten companies and runs them through a full-time, three-month intensive program with curriculum, mentorship, and more.
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|Image=REDLabs.png
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Since 2013, 46 founders have launched 17 companies at RED Labs.
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|Caption=RED Labs Logo
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|Name=RED Labs
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|Type=University Accelerator
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|City=Houston
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|URL=http://redlabs.uh.edu/
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|Cohort Size=18
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|Percent Funded= 0%
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|Percent Acquired= 0%
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|Percent IPO= 0%
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|Number of Directors=1
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|Experienced Directors=1
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|Date Founded=2013
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}}
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Part of the [[Start-Up Guide (Issue Brief)]] Series
  
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=Summmer Accelerator=
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==About==
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Housed in the Texas Medical Center's new 100,000 square foot Innovation Institute (TMCx), the summer accelerator is an intensive, 3 month program operated in collaboration with Rice University's startup accelerator, OwlSpark. The summer accelerator (Class 4) begins on May 23rd, 2016 and concludes with the Bayou Startup Showcase.
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<onlyinclude>RED Labs is a Houston-based, non-profit university accelerator founded in 2013. It advertises a wide array of services, including funding, access to experts, office space and mentorship. RED Labs has one director who has indirect entrepreneurship experience in the sector. Of the 18 startups which have enrolled in the RED Labs program, none have received venture capital funding. No company which has participated in the RED Labs program has been acquired or exited in an IPO.  
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During the summer accelerator, RED Labs works with founders full time to launch and grow their startups. RED Labs offers co-working space at TMCx and access to mentors from Houston's technology startup ecosystem. Founders are required to attend sessions on topics such as funding, legal considerations, building a team, and other material that RED Labs has developed for early-stage founders. They also bring in successful entrepreneurs to recount  their experiences and helpful lessons learned.
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</onlyinclude>
  
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=Pre-Accelerator and Intro to Technology Entrepreneurship=
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==Contact Information==
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The University of Houston offers credit for working with RED Labs Summer Accelerator as well as taking courses during U of H’s spring semester. This includes an Introduction to Technology Entrepreneurship that involves workshops, guest speakers and case studies focused on helping students understand how to identify problems, create solutions and then build products and companies from that.
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{| class="wikitable"
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U of H also offers a Pre-Accelerator where during the Spring semester, the course helps potential founders develop initial drafts of a business model, product-market fit, and get started on customer validation.
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|-
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|Website
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|http://redlabs.uh.edu/
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|-
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|Address
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|4750 Calhoun Rd, Houston, TX 77004
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|-
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|Email
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|Upon Request
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|}
  
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=Alumni Companies=
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==Portfolio==
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{| class="wikitable"
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! style="text-align:left;"| Name
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! VC?
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! Acquired?
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! IPO?
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|}
  
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{| class="wikitable sortable" style="border: 1px solid darkgray; bgcolor: #f9f9f9"
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==Directors==
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|'''Name''' || '''Type of Company''' || '''Cohort''' ||
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{| class="wikitable"
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! style="text-align:left;"| Name
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! Bio
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! Class
 
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|Datafuel  || Software Training || Class 3  ||
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|Greg Wright
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|-
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|RED Labs, Co-producer and Executive Mentor, Qukku, Co-founder and CTO
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|Guestographer || Event Photography || Class 3  ||  
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|D1
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|}
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==Services Provided==
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{| class="wikitable"
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|Funding
 
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|Lumen Motors || Electric Car Design || Class 3  ||
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|Experts
 
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|Teomics || BioScience Lab technology || Class 3  ||
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|Office Space
 
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|Victory Crate || Board Game || Class 3  ||
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|Mentoring
 
|}
 
|}
  
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=Management=
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[[Category:Ecosystem]]
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*Hesam Penahi, Managing Director
 
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*Kelly McCormick, Assistant Managing Director
 
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*Interns:
 
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**Travis Arnold
 
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**Laura Mahaney
 

Latest revision as of 20:07, 27 February 2017

Ecosystem Institution
RED Labs
REDLabs.png
RED Labs Logo
Institution Information
Cohort Information
Director Information
City Houston
URL http://redlabs.uh.edu/
Date Founded 2013
Cohort Size 18
Percent Funded 0%
Percent Acquired 0%
Percent IPO 0%"%" can not be assigned to a declared number type with value 0.
Number of Directors 1
Experienced Directors 1
© McNair Center, 2016

Part of the Start-Up Guide (Issue Brief) Series

About

RED Labs is a Houston-based, non-profit university accelerator founded in 2013. It advertises a wide array of services, including funding, access to experts, office space and mentorship. RED Labs has one director who has indirect entrepreneurship experience in the sector. Of the 18 startups which have enrolled in the RED Labs program, none have received venture capital funding. No company which has participated in the RED Labs program has been acquired or exited in an IPO.


Contact Information

Website http://redlabs.uh.edu/
Address 4750 Calhoun Rd, Houston, TX 77004
Email Upon Request

Portfolio

Name VC? Acquired? IPO?

Directors

Name Bio Class
Greg Wright RED Labs, Co-producer and Executive Mentor, Qukku, Co-founder and CTO D1

Services Provided

Funding
Experts
Office Space
Mentoring
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