As part of its 10-year anniversary celebration, Richmond’s Lighthouse Labs has started a $5 million fundraising campaign. Called the Fund a Founder campaign, the effort aims to improve services to the organization’s alumni network and increase access to underserved founders.
“For us, this 10-year mark is a great way to talk about the history of Lighthouse and where we have come, but because there is so much more that we can do, it allows us to talk about the future,” said Paul Nolde, managing director of Lighthouse Labs.
Lighthouse Labs is an accelerator program. It takes established businesses and helps them develop a working model and prepare for capital investment. Nolde said Larkin Garbee and Todd Nuckols, who founded the organization, built Lighthouse Labs through will and determination. It now has three full-time staff members and a dedicated contract person for grant writing. As well, it has an established base of funding.
Around 90 companies have graduated from Lighthouse…
Read the full story from the Washington Business Journal.
