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PRESS Hub Ventures Startups Seek Social Impact

July 12, 2012  

Source: Forbes

Hub Ventures is a San Francisco incubator focused on startups that want to build big businesses that also have a social mission.

The 12-week program is designed like other accelerators, providing technical and business advice and mentoring along with about $20,000 in exchange for a small equity stake. But the firm focuses on "for entrepreneurs building a better world... looking to make social or environmental change," says Wes Selke, founding director of Hub Ventures.

The firm held its second demo day in San Francisco Wednesday for the seven companies in its latest batch to pitch to investors. The firm, which had more than 200 applications, looks for a strong team, a large scalable business potential and companies that can make a social impact. "The companies we look at are ones where we can get excited about their business models with a big market opportunity," says Rick Moss, founding director of Hub Ventures.