San Antonio-based coworking space and startup incubator Geekdom has rolled out a plan to launch hundreds of startups in the next decade.
The 10-year target, unveiled in a 2021 impact report released Wednesday, hopes to grow 500 new companies, with at least 75% of them projected to be based in San Antonio.
According to the report, numerous new companies like Codeup, HelpSocial, Parlevel, Braustin Homes, FloatMe and Merge VR have gotten their start at Geekdom. In the decade since its founding, 2,489 new jobs for new companies have been created by these and other Geekdom-housed companies.
More than 500 of these jobs were created in 2021, with 764 new jobs projected for 2022. The median salary for these positions is about $62,000 a year, and more than three-quarters of them do not require a college degree.
The report notes that the total capital raised since 2011 by Geekdom's member companies is more than $422 million, with $180.8 million of that sum raised in 2021 alone. The company has 800 current member companies, and 32 patents have been acquired by member companies — 12 of them last year.
Geekdom indicated in the report that it also plans to continue its partnership with tech and learning center Codeup, offering free Geekdom membership to coding students in order to expand San Antonio's talent pool. Last year it provided 49 such sponsored student memberships, as well as 14 additional student sponsorships through Venture for America Fellows and Notley Fellows.
In November, Geekdom announced a partnership with gener8tor, a prominent national accelerator program investing in high-growth startups. The organization is poised to launch a 2022 gener8tor Cybersecurity Accelerator in San Antonio. Twenty-five companies will enter the accelerator with $100,000 invested in each company.
Geekdom CEO Charles Woodin said that the new accelerator is key to building San Antonio "one startup at a time."
"Cybersecurity companies will get the help they need to bridge the gap between being early-stage startups and becoming revenue-positive," he said.
