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Washington D.C. Gets New (Possible) Tech Hub

Once viewed as unfriendly to start-ups, the nation's capital looks to renew its reputation as a home for founders.
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In the years since the dotcom bubble’s epic burst, Washington, D.C. hasn't really been known to nurture its local start-ups. But the city is about to get at least one more new tech hub--and it might be a city worth watching in 2013.

The new hub will reportedly be called 1776, and will be a General Assembly-type space in downtown D.C. that will house co-working, education and tech community events, according to the Washington Business Journal. The space, which reportedly will be 15,000 square feet, is a spinoff of President Obama’s Startup America Partnership. 

While there aren't many details out yet, according to the Journal, “descriptions of the [1776] suggest much broader ambitions — to become a nexus for the early-stage tech community, provide a physical gathering space for events, host university, embassy and other educational programs and eventually create an accelerator backed by a venture fund akin to The Fort or D.C.’s Acceleprise." The outlet noted the project may get funding from the local government.

 “Entrepreneurship is on the rise nationally, and D.C. is taking off like a rocketship,” Zvi Band, founder of D.C.-based startup Contactually told Inc. Band is also co-founder of ProudlyMadeInDC, a site that provides information and resources to Washington D.C.-area entrepreneurs.

Band noted that in the six years he has been part of the start-up community in D.C., the funding landscape has flourished, and attendance at entrepreneur-oriented events that once, Band says, “could maybe fill a coffee shop,” has shot up.

In recent years, high-profile D.C.-area start-ups like LivingSocial and Opower have drawn attention to the district. Topping a recent Forbes list of “America’s New Tech Hot Spots,” the capital may be poised to play home to the next Code Academy or Fab. 

 

 

Last updated: Jan 25, 2013




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