Six new companies — with more than two dozen employees and $1.8 million in venture capital among them — have graduated from the SLO HotHouse Incubator.
The HotHouse is a product of the Cal Poly Center for Innovation and Entrepreneurship (CIE) program designed to take businesses from “startup to sustainable,” according to Cal Poly.
The six graduating companies are: App Scrolls, targeting the video gaming industry; Bottlefly, focused on the wine industry; Brandplug, a company focused on social media promotion; Calwise Spirits Co., which produces handcrafted rum and gin; Flume, a water technology company whose sensor tracks household use; and Reduce. Reuse. Grow., which aims to replace unsustainable packaging products and restore local communities’ native landscapes, according to a Cal Poly statement.
“The SLO HotHouse Incubator program helped us launch our company and gave us the tools we needed to create a sustainable business,” said Alex Henige, co-founder and CEO of Reduce. Reuse. Grow. “The resources, mentorships and connections made through this program have allowed us to grow to where we are today.”
Never miss a local story.
In addition to creating 27 jobs, all six San Luis Obispo County-based companies “benefited from 644 hours of one-on-one consultation.”
There are 15 other startups currently based out of the SLO HotHouse: five newly added, five in their first year, and five in their second year of the two-year program.
Submit news and notes items for Biz Buzz. Email: firstname.lastname@example.org; on Twitter @SLOBizBuzz; phone: 805-781-7902; fax: 805-781-7905; mail: Biz Buzz, The Tribune, P.O. Box 112, San Luis Obispo, CA 93406-0112.
Tell us your best business advice
What’s the best piece of business advice you’ve ever received? And how has it helped make you more successful in your business/professional life? Tell us in 100 words or fewer, and send it to email@example.com. We will publish them in future Biz Buzz columns.