Runway Incubator | The Innovation Blog

Runway Launches Hardware Hub sponsored by Silicon Valley Bank

Posted by Joe Vasquez on Jun 23, 2016 8:00:29 AM

We’re excited to launch our new Hardware Hub in partnership with Silicon Valley Bank. Runway is home to 83 startups, including 9 startups building the future of virtual reality and augmented reality, and 4 startups building hardware and electronics products - with more new companies joining every day.

We wanted to equip these teams with the latest hardware tools. That's why the Hardware Hub includes Cube Pro and Type A Machine 3D printers for rapid prototyping, an OtherMill CNC machine for machining parts and PCBs, 2 PCs setup with SolidWorks, and a full electronics lab for building and prototyping circuits. In the world of virtual reality, we've got the latest in VR including the HTC Vive, Oculus, Samsung Gear, Google Cardboard, and Leap Motion. Courtesy of AMD, all 9 VR and AR teams at Runway received an AMD FirePro W9100 32 GB graphics card. These cutting edge AMD cards give our teams an extra edge with insane graphical power to accelerate their development and testing process. With both mobile and room-scale VR experiences startup teams like Holobuilder, VirtualU, and Social Mobile Sports can show off their work to visitors, teammates, and investors.

Sponsored by Silicon Valley Bank, the Runway Hardware Hub is a powerful new addition to the Runway community. “We’re thrilled to launch the SVB Hardware Hub with Runway,” said Jack Garza, managing director at Silicon Valley Bank (@svbjack on Twitter). “SVB recognizes that hardware is a fundamental foundation of technological progress and companies in today’s landscape are under immense pressure to constantly advance and meet the market’s evolving needs. We support hardware innovation in every way we can, and are especially excited about ‘Frontier Tech.’”

Seeed Studio, a major player in the world of open source hardware electronics, supported the hardware hub with additional hardware. Dassault Systèmes and GoEngineer equipped the hub with full licenses of their SolidWorks suite of CAD and CAM tools.

Runway Incubator opened its 30,000 square foot space three years ago in the now well-recognized mid-Market “Twitter building” — arguably one of the most formative locations for tech growth in the last five years in San Francisco. Runway hosts 83 burgeoning startups in its space and boasts another 150 alumni members who have graduated from its community. Runway focuses on providing startup teams with the resources needed to succeed, and the approach is working. The average fundraising amount per Runway startup is approximately $2.8 million.

About Silicon Valley BankFor more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at svb.com

About Runway IncubatorLocated at 1355 Market St., Runway provides office space to startups in the San Francisco Bay Area. Looking to be a Member at Runway? Learn more at: http://www.runway.is

Joe Vasquez

Written by Joe Vasquez

Joe has a passion for helping entrepreneurs and corporations to innovate. He was an early co-founder of StartX, an accelerator for Stanford entrepreneurs. Prior to joining Runway, Joe taught at the Kauffman Fellows Academy and was a Data Analyst Fellow at LocoMotive Labs. Joe started his career in investment banking at Goldman Sachs and spent two years teaching bilingual math with Teach For America. Joe holds a BS in Atmosphere & Energy Engineering from Stanford University.

Topics: Startups