USC Viterbi Startup Garage

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USC Viterbi Startup Garage - overview

Location

Marina del Rey, CA, US

Primary Industry

Business Support Services

About

The USC Viterbi Startup Garage accelerates innovation by providing resources and support to early-stage technology startups, fostering entrepreneurship within the USC community. The USC Viterbi Startup Garage is designed to incubate emerging technology startups, primarily focusing on fostering entrepreneurship among students and alumni of the University of Southern California. It operates from Marina del Rey, US, and has not undergone significant changes in its operational strategy since its inception. Founded by the USC Viterbi School of Engineering, the Startup Garage collaborates with various individuals and organizations to enhance its offerings.


The USC Viterbi Startup Garage provides comprehensive support to startups, including mentorship, workspace, and access to resources that assist in business development and scaling. Its primary focus is on technology-driven solutions, helping entrepreneurs develop their ideas into viable businesses through workshops, networking opportunities, and expert guidance. This support is aimed at a diverse range of sectors, including software development, biotechnology, and engineering, ensuring that startups receive tailored assistance to overcome specific industry challenges. The USC Viterbi Startup Garage has a revenue model based on service fees and partnerships with educational institutions and corporate sponsors.


This model facilitates the provision of various resources and support services to member startups, ensuring they have the necessary tools and guidance as they navigate the early stages of business development. The USC Viterbi Startup Garage is planning to expand its service offerings by introducing new workshops and resources aimed at enhancing startup growth, with developments expected to roll out by the end of 2024. Additionally, the Garage aims to broaden its reach to include startups from other regions, particularly targeting areas in Northern California and other international markets. Recent funding will support these initiatives by enhancing mentorship programs and expanding partnerships with industry leaders.


Primary Industry

Business Support Services

Sub Industries

Business Support Services

Website

www.vsi2.usc.edu

Total Amount Raised

Subscriber access only

USC Viterbi Startup Garage - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedMediaHound, Inc.-

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