I/O Labs Foundation

I/O Labs Foundation received a $250,000 grant to secure a lease for space in the Crocker National Bank building at 7th and J Streets and cover startup costs.

  • Executed lease on 12,000 square feet, options on 18,000 square feet, and first-right-of-refusal on 12,000 square feet at 700 J Street.

  • Executed agreements with multiple venture capital funds to fund up to 20 startups per year at $1.7M that will call I/O Labs their home.

  • Completed design phase on floors 4 and 5, acquired permits for floor 5 and began construction.

  • Coordinated investment group for the purchase of the building.

  • Acquired assets of the Sacramento Area Regional Technology Alliance and received designation by the California Governor’s Office of Business and Innovation as the nine-county region’s Innovation Hub (iHub), creating a network of the region’s private, government, and university leaders.

  • Exercised option on floor 3 and executed lease.

  • Continued to work with City of Sacramento to overcome historic issues on floor 4.

  • Designed an Innovation Program (Private, Civic, and Social) that will offer graduate level accreditation through the University of the Pacific.

  • Expanded I/O programming to three campuses, including The Urban Hive at The Cannery, and took over the lease for the previous The Urban Hive location. Serving more than 300 entrepreneurs and 100 companies.

  • Completed construction on floor 5 and hosted more than 250 entrepreneurs, mentors, and investors during the first month of its completion.

  • Continued to work with the City of Sacramento to overcome historic preservation issues on floors 3 and 4.

  • Joined UC Davis Drive network which includes a partnership on a prototyping lab located in the former building of The Urban Hive.

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