First Flight Venture Center


First Flight Venture Center is a non-profit business incubator that provides configurable laboratory and office space, programming, and funding pathway support for early-stage science and deep-tech companies. Programs include pre-accelerator and accelerator cohorts, grant and SBIR/STTR funding assistance, mentorship networks, prototyping facilities, and investor-readiness activities aimed at helping startups develop prototypes, secure non-dilutive funding, and launch commercial ventures.

Industries

Financial Services
Venture Capital
Incubators
Non-profit Organization Management

Nr. of Employees

small (1-50)

First Flight Venture Center


Products

Co-working

Economical, non-resident, annual memberships providing an RTP mailing address, package handling, workspace use, and mentoring by business experts.

CO-WORKING SPACES

Flexible co-working memberships and office spaces designed for growing startups and entrepreneurs.

Propeller

An entrepreneurial design thinking program tailored to science and technology-focused companies, helping founders discover and communicate business value, prepare pitch presentations, and pursue non-dilutive funding like SBIR/STTR.

Propeller Early-Stage Accelerator

An 8-week entrepreneurial design thinking program designed to help early-stage science and technology founders determine the highest value for their product or service idea, develop a path to market strategy, and prepare investor-ready pitches.

BUSINESS INCUBATOR

Science and technology-focused early-stage company membership at First Flight.

Fractional Engineering Services

On-demand design and fabrication expertise acting as an extension of an early-stage startup team.

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Services

Provision of affordable, configurable wet lab and office spaces on flexible lease terms for early-stage science companies.

Cohort-based programs delivering business curriculum, market validation, and fundraising preparation for startups.

Assistance and funding programs focused on securing non-dilutive grants, including SBIR/STTR-focused support and health-security funding pathways.

Design and prototype-focused facilities to support turning concepts into physical prototypes.

Access to an advisor network for business mentoring, technical guidance, and strategic introductions.

Expertise Areas

  • Business incubation and startup workspace management
  • Startup acceleration and pre-acceleration programs
  • SBIR/STTR and federal grant funding support
  • Non-dilutive funding program design and management
  • Show More (4)

Key Technologies

  • Wet-lab infrastructure
  • Configurable laboratory and office space design
  • Prototyping and small-scale fabrication facilities
  • SBIR/STTR and federal funding pathway workflows
  • Show More (1)

News & Updates

Since 1991, alumni companies have accumulated a reported market capitalization of $20 billion.

Over 420 companies have been hosted since inception (33 years noted on site).

Reported $323 million in equity investment raised by resident/alumni companies by 2023.

Reported $34.6 million in grants awarded to companies while at First Flight in 2023.

Site reports that in 2024 companies filed over 28 patents and raised grants (site text: "filed over 28 patents and raised over $4,454,000 million in grants").

Site reports 119 patents currently held by portfolio companies.

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