April 7, 2014
This is an advertorial sponsored by Digital DC, who hosted the Digital DC Day Party with us at SXSW.
On March 5, DC mayor Vincent Gray unveiled Digital DC, an economic development initiative and marketing campaign to promote DC as the leading tech startup community.
Perhaps the biggest announcement was a $1 million fund, which will provide grants between $25,000 and $250,000 to companies located in a new tech corridor between Mt. Vernon Square and Petworth. The funding is targeted at post-seed startups who aren’t yet ready to raise a Series A round, and it comes with personalized mentorship and education.
Digital DC will also provide resources to the DC tech community, showcasing DC companies and their job opportunities. According to the Digital DC website, there are almost 1,000 startups in DC, 14 coworking spaces, 149 open startup jobs, and $1 billion in funding. “Local investors are getting more excited about what’s happening in the local scene,” says Jenifer Boss, who works in the Office of the Deputy Mayor for Planning and Economic Development.
Boss sat down with us during the Digital DC Day Party at SXSW. She talked about Digital DC and its venture fund, how they fit into Mayor Gray’s tech initiatives, and how the DC startup scene has grown. Here’s the video.
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