Lighthouse Labs to mentor five new tech start-ups - NBC12 - Richmond, VA News

Lighthouse Labs to mentor five new tech start-ups

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RICHMOND, VA (WWBT) -

Richmond could soon have five new tech start-up businesses. Lighthouse Labs, a non-profit accelerator for start-up tech businesses, is recruiting entrepreneurs that it can help to launch their new ventures.

The Lab started last year, helping eight new tech companies and entrepreneurs get started in Richmond.

Mike Wade was one of them. Having worked in home construction, he had an idea. Now it's a new business called SEElogix, a web application where builders and realtors can enter information that home buyers need to know about their new house.

Wade explained, "Whether it's the appliance manuals, the closing documents, photos, receipts, all of that information is captured here in the platform."

The homeowner can then look up things, such as which repair service worked on an appliance and when. They can also receive alerts when maintenance is due, like changing air filters.

"When they go to sell the house in the future, it's like opening the glove compartment of your car and you have all the receipts," said Wade.

SEElogix is now a business with several employees, and it's expanding into other cities. It was one of the first graduates of Lighthouse Labs.

Lighthouse offers a 15-week program that pairs startups with mentors who are experienced entrepreneurs. They help the startups build a business plan, raise capital and start making money.

"They get office space for a period of three months and they get the mentorship that we provide," said Todd Nuckols, Lighthouse Labs' managing director.

The startup entrepreneurs will work out of donated space at 804RVA, a collaborative workspace where they can bounce ideas off each other.

This September, Lighthouse Labs will begin mentoring five new startups and this time, give them each $20,000, which was donated by investors.

"Honestly, I suspect we would not be here today if it had not been for Lighthouse," said Wade. "It was very influential in how we modeled the business."

Lighthouse Labs hopes to be the beacon to help start five new local companies.

Entrepreneurs with tech start-ups can apply through LighthouseLabsRVA.com. The deadline is July 28. Nuckols says selections will be made on August 8.

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