Innovation Works Launches AlphaLab to Rapidly Grow Software-Related Companies by Providing Investment, Office Space, Expertise

02/21/2008

PITTTSBURGH – Feb. 21, 2008 –Innovation Works, one of the country’s most active investors in seed-stage technology companies, is launching AlphaLab to accelerate the development of software, interactive games and Internet-related companies. AlphaLab provides funding, free office space, and intense business mentoring for up to twelve companies per year that will be selected in two, six-month cycles. The immersive AlphaLab experience helps companies rapidly develop their technology, test and improve ‘alpha’ (early iteration) releases and move toward successful commercial launch of their software product. AlphaLab is now accepting applications from entrepreneurs to join the first group of companies to begin the six-month program in May. The on-line application must be submitted by March 31, 2008 and can be found at www.alphalab.org.