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Hub Ventures Joins Global Accelerator Network and Announces Spring 2012 Program

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Alliance Fuels the Growth of World-Changing Startups in the Bay Area

SAN FRANCISCO, CA – February 6, 2012 – Hub Ventures (www.hub-ventures.com), the leading startup accelerator for entrepreneurs building a better world, announced that it is now a member of the Global Accelerator Network (GAN), an alliance championed by TechStars and originally created as part of the White House’s Startup America Initiative. The Global Accelerator Network includes dozens of the strongest and most successful independent startup accelerators from across the United States and around the world. Hub Ventures also announced that it is taking applications for its upcoming Spring 2012 cohort. Entrepreneurs can apply at hub-ventures.com/apply through March 5.

“We are thrilled to have Hub Ventures join the Global Accelerator Network,” said Patrick Riley, Director of the Global Accelerator Network. “They are a top-notch accelerator program with a unique focus on leveraging entrepreneurial innovation and passion to solve big social and environmental challenges. They bring a distinct approach to the Network, and I look forward to working with them.”

Hub Ventures provides funding and support to technology-powered and other scalable startups focused on mobile technology for development, collaborative consumption, healthy food systems, off-grid energy, clean water, human safety, civic engagement, and other impact areas. The program is based at the Hub Bay Area, a purpose-driven collaborative workspace, and features an impressive roster of mentors including Peter Sisson, mobile entrepreneur and Founder of Toktumi; Lloyd Taylor, VP Infrastructure at ngmoco and former VP at LinkedIn; and Kevin Jones, Founder of Good Capital and Social Capital Markets (SOCAP).

“Hub Ventures and our startups will significantly benefit from the Global Accelerator Network’s world-class startup ecosystem, deep technology expertise, and rich strategic resources,” said Wes Selke, Founding Director of Hub Ventures. “We are delighted to be joining forces with the leading startup accelerator network, which will help us build world-changing companies better and faster.”

Hub Ventures is recruiting high caliber entrepreneurs building companies for an abundant, just, and sustainable economy. The highly selective program works with and funds startups that have potential to generate scalable and measurable impact on the world and provide attractive returns to investors. As part of the GAN membership, Hub Ventures startups will receive thousands of dollars worth of additional resources including web hosting and cloud services, human resources, legal, and more.

About Hub Ventures
Hub Ventures is a startup accelerator for entrepreneurs building a better world. The program operates 12-week cohort cycles during which startups receive seed funding and engage in mentorship, peer collaboration, workshops and speaker events relevant to impact-oriented startups, and investor connections. Hub Ventures is based at the Hub Bay Area, a purpose-driven collaborative workspace with over 1,000 members in San Francisco and Berkeley and connected to 30 other locations through the global Hub network. Hub Ventures is partnered with Village Capital, Good Capital, and SOCAP. For more information, please visit www.hub-ventures.com.

About the Global Accelerator Network
The Global Accelerator Network (www.joingan.com) consists of almost 40 high quality independently owned and operated organizations from around the world that utilize a mentorship-based startup accelerator model. It provides networking opportunities, training, special perks, and ongoing support for members of the network. TechStars led the effort to form the Global Accelerator Network in 2010 as part of the White House’s Startup America Initiative. In the spirit of supporting more entrepreneurs around the world, the Network’s mission is to ensure that 5,000 successful and experienced entrepreneurs and investors will mentor and support 6,000 promising young entrepreneurs. The goal is to increase their success rate tenfold and create 25,000 new jobs by 2015 as well as a sustained engine for growing these figures over time.

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