Two Successful Student Companies Advance to Next Stage in NIIC's Student Venture Lab Program
The Northeast Indiana Innovation Center (http://www.niic.net) is pleased to announce the advancement of two successful student venture companies in NIIC's nationally recognized Student Venture Lab program. OFabz Swimwear and Signed Visuals, LLC have both been successful in creating high-growth-capable companies will work with the Innovation Center at the next level to pursue growth and funding.
As part of the NIIC Student Venture Lab program (http://www.niic.net/services/student-venture-entrepreneurship-programs), student companies receive early stage funding investment and office space & business services at the Northeast Indiana Innovation Campus in exchange for a small amount of equity in the student venture in each of three six-month gated phases. Ventures receive one-on-one coaching from Mike Fritsch, the Innovation Center's Entrepreneur-In-Residence (http://www.niic.net/staff/mike-fritsch) and must be invited to advance to the next phase based on progress in the previous phase.
Throughout the three phases of the Student Ventures Lab program, NIIC could invest over $11,500 in business funding and $9,000 in office space and services in each company. At the end of each six month term, each venture demonstrates their product and their customer-validated business model at Demo Day to investors, bankers, and other leaders of the region's business and technology community.
Accepted into the third phase of the program, OFabz Swimwear, led by founder Olivia Fabian, offers both men's and women's suits, focusing on vintage designs and active lifestyles. Ofabz designs are being manufactured in the USA and are being sold by an increasing number of brands across the country. Olivia can be reached at ofabian(at)ofabz(dot)com.