We Power Entrepreneurs Like Armon, and Maybe You
What is the VDC?
Hi, we’re the Venture Development Center or VDC, located in Boston at UMass. More specifically, we are William, Susan, Aijan, Serena, Shuxia and Jungho, our Entrepreneur-in-Residence – John, and board – Mike, Jim, Dave and David.
And who is Armon?
What does VDC do?
We power entrepreneurs who want to move to or remain in Boston after graduation to launch the next big technology or life science company. Our team has worked with over 1,000 startups from the ground up.
We deliver the support you need when you need it, to turn your vision into reality, beginning with visa sponsorship. With thoughtful and meaningful individual mentorship, connections and university resources, including an 18,000 sf incubator, with desks, offices, laboratories and equipment, we enable you to get to a fundable business faster and at a lower cost.
How does the visa work?
To remain in Boston after your student visa ends, we can be a bridge to residency by facilitating a cap-exempt H-1B visa anytime during the year. We are the first in the nation to provide this support, and have a 100% success rate.
Good ones! The 27 current companies are in the healthcare, financial, electronics, security, commerce, social, artificial intelligence, biotech and pharmaceutical industries. They have already raised $191,705,000, an average of $7,100,185.
The founders are really interesting, too. They are from 6 continents and 14 universities. We are a global community!
How does the program work?
Most companies arrive with seed funding, and work towards a Series A. That usually means achieving initial product and market validation. Based upon your milestones, we roll up our sleeves to help you succeed. For example, if you need to complete a mouse study, we help you get your protocol approved and use our animal vivarium. Or if you need to do a pilot of your wearable, we’ll show you how to successfully negotiate the purchase order. The VDC is distinguished by the level and intensity of support.
Yes. Each year, we accept 10-15 new entrepreneurs on a rolling basis. Pricing is competitive. It depends upon the type of workspace you use. You don’t have to give up equity. Most find we are the best value in Boston. To apply, please complete this form and we’ll be in touch to schedule an interview.