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Downtown Project Building a Factory in Vegas for Hardware Startups to Use

VegasTechFund

The Downtown Project will be building a factory in downtown Las Vegas for hardware startups to use, reported “hardware sorceress” Jen McCabe on the Downtown Podcast last night.

The Downtown Project, started by CEO Tony Hsieh of Zappos, already invests in startups through the $50 million VegasTechFund. McCabe is heading up an arm of that fund called Nimbus, which will provide seed funding to hardware companies in the fields of robotics, connected devices, smart home, Internet of things, drones, and hardware as a service.

“If mom would use it and a five-year-old would use it, then I want to invest in it,” said McCabe.

The factory, which will reportedly be built in the Arts District of downtown Vegas, will support small-scale production for VegasTechFund portfolio companies.

 

We assume that this is the evolution of a project that McCabe announced in June called Fabbed Labs, a 3D printing lab, factory, and maker community. We’ve reached out to McCabe for comment, and we’ll update this story as we get more details.

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About the Author

Kira M. Newman is a Tech Cocktail writer interested in the harsh reality of entrepreneurship, work-life balance, and psychology. She is the founder of The Year of Happy and has been traveling around the world interviewing entrepreneurs in Asia, Europe, and North America since 2011. Follow her @kiramnewman or contact kira@tech.co.

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