Four semesters and nearly $60,000 in funding later, six startups are ready to launch out of Northeastern’s student-run venture accelerator IDEA and into Boston’s startup scene.
Of this first group, Akrivis Technologies makes its debut in the biotech world, dedicated to the development of medicines for serious diseases. Then you have Mini Pops, graduating as the oldest company, starting with IDEA in November of 2010, one year after IDEA came into existence. An organic food manufacturer, Mini Pops makes their snackfood from sorghum, the fifth most harvested cereal grain.
No longer eligible for gap funding, these companies will still remain within the “IDEA family with access to its investor network and any relationships they have established,” according to IDEA’s blog. Their launched companies’ success will not only bring the accelerator into the same league as others in the Boston area, but also bring new credibility to such a far-reaching student-run program. No other accelerator in Boston’s higher education space has as much student control in developing and growing startups.
“For me, it’s also more rewarding than class, because it’s real,” CEO and Northeastern senior Christopher Wolfel said in a previous interview. “Every venture’s goal is to make this their real company. IDEA is an educational program when it comes down to it.”
Two years after its inspiring beginning, IDEA successfully added a section for launched startups to its online portfolio. For a look at those launched startups, and how much money they’ve received, check out the slideshow below.