PRESS RELEASE | MAY 2014Highway1 opens applications for Fall 2014 and increases investment
Highway1 announced today that its Fall 2014 program is now open for applications, which will be accepted until June 20, 2014.
PCH also announced that Highway1 companies will receive $50,000 in seed money, an increase from $20,000, reflecting enthusiasm in the market for hardware startups and products, and the growth of the program.
Highway1 is also moving from its current location in the Mission District of San Francisco, to Potrero Hill, to accommodate more people, as the incubator brings more hardware teams on board.
Highway1’s Fall 2014 program, its third hardware incubator batch to date, will accept up to 15 startups into its 4-month educational program tailored to hardware companies and entrepreneurs from around the world who are interested in creating the next big product. So far Highway1 has had 11 startups complete its program, and several companies will be publicly launching this summer.
Highway1 jump starts each business, with the help of the incubator’s engineers, who provide hands-on support to each company, and with its hardware-focused curriculum, which prepares them for the challenges of producing hardware. The program also includes two-weeks in China, where the class learns first hand how to scale their products.
“PCH and Highway1 will help entrepreneurs build a company, not just a product. We teach companies how to scale, and we make connections to valuable mentors who have years of experience. What we’re really looking for are next-generation hardware companies that view their product as ‘software in a box’.”
Brady Forrest, VP, Highway1
Highway1 curriculum is focused on teaching innovative companies in the prototype stage everything they need to know about manufacturing, supply chain, and pitching to investors. The program equips startups with the knowledge and know-how to de-risk and become a hardware company that is sought out by investors.
Hardware teams selected for the Fall Highway1 class will learn how to turn their prototype into a product that is ready to manufacture and achieve scale.
The Highway1 program includes:
- A four-month educational curriculum taught in San Francisco’s Potrero Hill district
- A two-week module taught in Shenzhen, China with an exploration of the vast consumer electronics supply chain
- Up to $50,000 in seed capital in return for equity
- Access to product prototyping facilities in San Francisco
- One-on-one engineering, design and mentoring expertise
- Access to a mentor network, with experienced, high profile technology leaders
Brady Forrest, VP of Highway1, is also announcing his schedule for meet-ups, where startups, investors and makers can talk with him one-on-one about their ideas, and determine if Highway1 is a good fit. This Spring you can find Brady at:
- London @ IoT Meetup – April 28
- London @ Hardware Startup Lab – April 29th
- Berlin @ ThingsCon – May 2 & 3
- Bay Area @ Maker Con – May 13th & 14
- Highway1 Open House – May 15th
- Bay Area @ Maker Faire – May 17th & 18th
- San Francisco @ O’Reilly’s SolidCon – May 21 & 22
- Las Vegas @ UpGlobal – May 30th
- Highway1 Open House – June 3rd
- Demo Day, San Francisco – June 18, by invitation only