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WASHINGTON, July 10, 2024–(BUSINESS WIRE)–Today, Capital Factory, in partnership with the City of Washington, DC, opened STATION DC, a much-needed technology hub designed to foster collaboration between innovators and policymakers in the heart of the U.S. capital.

STATION DC will boost the innovation scene in Washington DC and provide a place for top technology leaders from across the country to meet and engage with federal, regional and local decision makers to prepare for coming disruptions. Union Market District will host a year-round calendar of programs designed to accelerate the development of cutting-edge technologies in the national interest, including quarterly summits, presentations and networking events. The initiative kicked off on July 9 with “NATO to The Future: Preparing for Coming Disruptions,” a micro-summit focused on the future of technology and innovation that will run parallel to the official NATO Summit in Washington, DC.

By creating a collaborative environment modeled after Capital Factory’s successful approach in Austin, Texas, STATION DC provides mentorship, connections, and a collaborative space where the newest innovators and dreamers can connect directly with leaders and each other. Council Member Kenyan R. McDuffie recognized the opportunity to partner with Capital Factory to strengthen DC’s startup ecosystem because of the significant economic and social impact it would have. Recognizing the potential for significant economic and social impact, McDuffie initiated the introductions and subsequent conversations and planning for the partnership.

STATION DC will open a physical hub for hosting major programs, high-level gatherings, and adopting new technologies, informing policymakers, and fostering an ecosystem of public-private partnerships. The hub is scheduled to open in the Union Market District in 2025. The goal is to accelerate technological advances and shape the future responsibly and effectively.

“Washington, DC is poised to become the premier technology launch pad for a new wave of startups,” said Kenyan R. McDuffie, Councilmember for the District of Columbia and Chairman of the Committee on Business and Economic Development. “STATION DC will bridge the gap between cutting-edge technology and policymakers, ensuring our city remains at the forefront of innovation that advances the national interest.”

“By extending Capital Factory’s proven model to the nation’s capital, we are creating a dynamic space where America’s builders can form public-private partnerships that change the world,” said Joshua Baer, ​​​​Founder of Capital Factory“STATION DC will leverage capitalism, our nation’s greatest competitive advantage, to accelerate technological progress and foster meaningful dialogue to shape the future.”

STATION DC will establish an external advisory board of futurists and venture capitalists to shape the technology center’s strategic vision and engage leading startups. Invited founding representatives include technologists from 8VC, Andreessen Horowitz, Archimedes Labs, Bain Capital Ventures, Betaworks, Decisive Point, Draper Associates, FLOODGATE, Irongate, Night Dragon, Overmatch, Prime Movers Lab, Revolution, Riot Ventures, Sound Ventures, Tusk Ventures, Urban Legend, Valhalla Ventures, and others (to be announced).

Micro Summit and Launchpad Party

STATION DC was announced at two special events. On the sidelines of NATO’s 75th anniversary celebrations, national and international leaders met with technology startups at Union Market to discuss the massive technological changes that are reshaping our future. The micro-summit – “NATO into the future: preparing for coming upheavals” – was hosted by the founding partners of STATION DC, followed by an official announcement from city leaders regarding the opening of this upcoming technology center.

About Capital Factory

Capital Factory is the center of attraction for entrepreneurs outside of Silicon Valley. Thousands of entrepreneurs, programmers and designers meet in person and online day and night for meetups, classes and coworking. With offices in Austin, Dallas, Houston, San Antonio and now Washington, DC, we meet the best entrepreneurs in the country and introduce them to investors, collaborators, mentors and customers. According to Pitchbook, Capital Factory has been the most active early-stage investor in Texas since 2010.

About Union Market District

Union Market District, one of Washington, DC’s fastest-growing neighborhoods, is a unique blend of tradition and innovation, attracting more than 3.5 million visitors annually. The 20,000-square-foot historic market is the heart and soul of an 18-acre revitalized streetscape of shops, casual and fine dining restaurants, art galleries, apartments, offices and amenities. In total, Union Market District is home to more than 185 businesses. Hundreds of cultural events and experiences take place each year in some of DC’s most exciting and diverse venues, including Dock5, AutoShop, Plaza, Rooftop and La Cosecha, a contemporary Latin American marketplace and culinary embassy.

View original version on businesswire.com: https://www.businesswire.com/news/home/20240710670093/en/

contacts

For Capital Factory:
Sarah Rudd, [email protected]

For Council Member McDuffie:
Jose C. Sousa, [email protected], (202) 286-8542

For Union Market District/EDENS:
Summer Hixson, [email protected], (646) 644-1546