From Work It Richmond, we learn that the venture will be called The Crucible. It will be headed up by Todd Nuckols and is looking to help out its first startup by late fall.
“Entrepreneurs have to learn how to fail and to learn from others who’ve been down the road before,” he said. “They have to learn how to build a great business and move beyond great technology and passion.”
The accelerator will start taking applications from businesses this fall and begin a three-month mentoring program for 10 companies during the early part of 2013, Nuckols said. That initial program will conclude with an open house next spring where the 10 businesses can pitch their companies to venture capitalists and angel investors.