“D.C.’s Halcyon Incubator has chosen seven startups it believes can change the world for the better to join its first class of social entrepreneurs. Chosen for bold ideas that could solve real problems in the world, the startups will all take part in Halcyon’s program, getting free living and working space and a range of services and mentorships as part of being chosen. Rarely among incubators, there is no equity or other financial obligations on the startups for being part of the incubator program, which begins in September.
“Each one of our fellows brings a unique approach to a diverse set of challenges from global healthcare to environmental innovation,” said Halcyon Incubator program manager Ryan Ross in a release. “We were humbled by our fellows’ passion, creativity and drive; each has the capacity to make meaningful social change for countless individuals.”
Of course, like any startup venture there is a high risk of failure, but incubator programs can help to launch startups that might struggle a lot more without that early support. The start ups cover a big range of sectors and present themselves as solutions to a wide variety of problems.”