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Office Locations:
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6024 Broad St
Floor 2
Pittsburgh, PA 15206
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Communications & Networking
Information Technology
Software & Internet
Sports & Entertainment
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AlphaLab is a startup accelerator created by Innovation Works (see profile) to help capital-efficient startup companies launch quickly and successfully. Twice a year, up to six companies in the software, web services, mobile, gaming or agile hardware space are selected to participate in an intensive 20-week program. During these weeks companies will rapidly iterate on their products and work with mentors, advisors, and the AlphaLab team to hone their business models. The program culminates in the AlphaLab Demo Day: a chance for companies to pitch what they've been working on to angel investors, VCs, and press outlets from around the nation. Companies receive $25,000 from Innovation Works in exchange for 5% common stock in their company. Innovation Works (IW) is AlphaLab's parent organization and the Pittsburgh region's largest and most active seed-stage investor. Since 1999, IW has invested over $50 million in 120 companies.
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Investment Firm Key
VC = Venture Capital
PE = Private Equity
A = Angel
I = Incubator
MB = Merchant Bank
VD = Venture Debt
FI = Family Investment Office
FOF = Fund of Funds
ED = Economic Development Office
TT = Technology Transfer Office
CVC = Corporate Venture Capital
SEC = Secondary Purchaser
HF = Hedge Fund/Mutual Fund
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COMPANY STAGE | REVENUE |
Venture Capital | |
Seed Stage (includes "pre-seed," or concept stage) | No Revenue |
Early Stage | Minimal Revenue |
Growth Stage (also called Mid-stage) | $2M-$7M |
Expansion Stage (also called Late-stage) | $7M and greater |
Private Equity | |
Lower Middle Market | $10M-$249M |
Middle Market | $250M-$499M |
Upper Middle Market | $500M-$1B |
Large Cap | >$1B |
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