2013 was a memorable year for IDEA – our ventures, our coaches, and our management team. And we couldn’t have done it without all of our supporters, both in and outside the University. In the last 12 months, our investment team has granted more than $121,000 to some of our 150+ ventures, furthering the dreams and milestones of Northeastern students and alumni. These successes led to features in national publications – like Fast Company, Forbes, and even a video on MSNBC’s OPEN Forum.
It’s all about customization for U-Turn Audio, an affordable, yet high-quality turntable. In January 2013, they launched a Kickstarter campaign, aiming to raise $60,000. At the end, with more than 1,100 backers, U-Turn raised $234,000.
After much anticipation, Jessica Bashelor opened her very own spin studio in June on South Boston’s Dorchester Avenue. The Handle Bar received a warm welcome from Bostonians, and was featured in The Boston Globe and Boston Magazine.
This year, we’ve addressed a key need to our ventures – talent! By partnering with CoFoundersLab, we provided Northeastern entrepreneurs with a free way to find business partners and co-founders.
In 2012, Northeastern University launched the Empower campaign to raise $1 billion by 2017. IDEA ventures were highlighted at the launch event to display the achievements of student and alum businesses.
Tuatara, one of IDEA’s first launched ventures, released its own product, Gilapad, in September.
Kevin Walther is the Communications Officer for IDEA: Northeastern University’s Venture Accelerator. Follow him at @waltherkevin.