RESTON, Va.--(BUSINESS WIRE)--Longtime DC-area resident and entrepreneur Matt Devost has launched the Hack Factory, a startup studio and growth accelerator designed to launch new business endeavors and support the local startup ecosystem. The new initiative will be located in the Reston Town Center and will focus on building an environment for new entrepreneurs custom-tailored to their unique requirements.
As a start-up studio, Hack Factory will launch companies based on new ideas and engage in rapid technology prototyping to enable disruptive solutions for a variety of complex problems and opportunities. The initial focus of the studio will be on cybersecurity, AI and data science, blockchain/Web3, and dual use technologies.
Established companies or new ideas looking for that extra boost can participate in the Hack Factory growth labs for meaningful mentoring, growth and strategy advisory, and networking support. The lab will provide capital, co-working space, and access to on-site experts depending on each company’s specific needs.
The Hack Factory will also build a local brainstorming community that brings together the hackers, entrepreneurs, disruptors, technologists, and creators for unique events on a variety of issues.
“The disruptive innovation that occurs over the next decade will be more impactful than the past 50 years combined,” noted Hack Factory founder Matt Devost. “This initiative is designed to accelerate that innovation in the D.C. area, which is a natural hub for technical entrepreneurship and has a unique innovation DNA that differentiates it from Silicon Valley and other startup hubs around the country.”
For curated co-working participants, the space features modern amenities like sit-stand desks, gigabit ethernet access, conference and Zoom rooms, and a fully stocked caffeine and snack bar.
ABOUT THE HACK FACTORY
The Hack Factory was founded by long-time DC area entrepreneur Matt Devost who is currently the CEO of OODA LLC (www.ooda.com). Over the past two decades, Matt has been a founder or executive at firms like FusionX, Accenture, iSIGHT Partners, the Terrrorism Research Center, iDEFENSE, and Tulco Holdings, as well as serving as an investor, advisor, or board member for dozens of companies.
For more information visit www.hackfactory.com or email hello@hackfactory.com.
