The Batten Institute for Entrepreneurship at the University of Virginia’s Darden Graduate School of Business Administration has accepted 26 ventures into the 2014 W.L. Lyons Brown III Innovation Laboratory incubator.
In a Monday announcement, UVa said the cohort is the largest in the 14-year history of the incubator program. The ventures — which represent medicine, technology and social entrepreneurship — were chosen from 47 applications.
A 10-week summer accelerator program is followed by a one-year residency, during which participants develop and refine their business ideas. Participating ventures also receive a $5,000 grant, office space, mentoring support and networking opportunities with local entrepreneurs and investors.
In addition, a final startup spot in the program will be offered to the winner of a crowd-funded pitch night on April 9 at the Tom Tom Founders Festival. At the pitch night event, contestants will have three minutes to sell their business ideas to the crowd, which will then vote on a winner.
The iLab is a university-wide initiative. More information is available at ilabatuva.org.