A new startup accelerator has launched in Pittsburgh with an eye on robotics.
AlphaLab Gear opened on Monday, inviting early-stage companies working in hardware and robotics to join the accelerator program. AlphaLab Gear's accelerator initiative starts first with cash. The company will offer $25,000 to startups for 5 percent equity. Those firms that need $50,000 will have to hand over 9 percent of the company to AlphaLab Gear.
In addition to funding, the accelerator will provide business mentorship and space for working on the project, according to the organization. The offer also includes access to TechShop, a … Read more