With the second quarter coming up it’s time for incubator programs to get moving, helping out startups and putting them on the right track for growth and success throughout the rest of the year and beyond. A handful of incubator programs, including Capital Factory, Launchbox Digital, and Angelsoft, have already taken the steps to seek out the companies they’ll be working with this spring and summer, in an effort to have well-run programs that are beneficial to the entrepreneurship experience even in the current economic climate.

Capital Factory has in fact chosen its final 10 mentors that will be advising the startups participating in their incubator program. The Austin-based technology incubator has announced its advisors as Andrew Busy, founder and CEO of Challenge Games, Russel Hinds, former Chairman and COO of Sponsorwise, Kip McClanahan, former CEO and board member to several companies including 3Com/TippingPoint, andAdam Moor, co-founder of Springbox, to name a few.
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Yesterday PeHub reported that Koofers, a Reston, Virginia based startup which was one of the first round participants in the LaunchBox Digital fund, “has secured $500,000 of a $2 million Series A”. I’m guessing that more cash will be delivered as various benchmarks are met. Matthew Jacobson of LaunchBox Digital says that “5 of the companies in LaunchBox Digital’s LaunchBox08 class have received additional formal funding.”
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Less than a month after the launch of Launchbox Digital Demo Day, Mpowerplayer, has announced their Series A funding round from New Atlantic Ventures, the Center for Innovative Technology GAP Fund, and LaunchBox Digital. The company enables mobile gamers to try games before they buy them, something Apple has been criticized of with their new iPhone applications.

Users of Mpowerplayer can access the games via the Mpowerplayer destination site as well as via a Facebook application. This is the first success story to come out of LaunchBox Digital and hopefully it is only the first of many. You can check out their Mobile Arcade Facebook application for a quick demo of the service. The company is still in the early stages but this first round of funding will hopefully give them the resources they need to make it to the next phase of development.

The company is at CTIA in San Francisco to let visitors demo the application. Stop by their booth if you are at CTIA. This is great news for the D.C. area to have yet another internet startup with a great team of advisors behind them.

D.C. based Launchbox Digital is announcing today the launch of 9 new startups at the LaunchBox08 Demo Day in Reston, Virginia. LaunchBox Digitial is an start-up incubator that has been months in the making. I interviewed Sean Greene back in December when the company was first announced. The 9 companies that they will be announcing today are a diverse set of start-ups.

This is a huge deal for the D.C. area given that the area has been in dire need of a start-up incubator. This is the first one targeted toward early stage web startups. Whether or not these 9 are successful, it’s important that there is a company helping fund dreams based in D.C. Congratulations to the first 9 teams that are part of the first round of Launchbox Digital funding. Here are the 9 startups that will be announced later today:
Founded by Satjot Sawhney and Ashish Kundra, BuzzHubb is the next generation of a mobile accessible Yahoo Groups for the college student. The company has renamed groups as “Hubbs”. You can view a screencast presentation of the site via the video below.

Heekya is trying to be the “Wikipedia for social story telling.” The company’s pitch is that “The current model of story telling on the web is pretty fragmented. There are really good individual asset repositories out there (YouTube, Flickr, and Photobucket are a few), but they focus primarily on a given category (photos, video), and have limited ability to address linear story telling. Blogging is a potential answer, but while there are close to 200 million blogs, only 600,000 posts occur each day – too many blogs die the slow death of neglect.”

As such Heekya encourages social story telling through: a simple multi-media story builder, the enabling of story cloning and modification, and browsing and discovery tools. You can view more via the screencast below.

Founded by Andrew Lee, Arjun Lall and Ryan Wilson, JamLegend.com is an online version of Guitar Heroes and Rockband. I’ve spoken with the team from JamLegend previously and discussed their approach to this site. Ultimately, I believe the real value here is in creating the tools that help automate the transcription of songs into a JamLegend compatible format. Check out the video below for more details.

Koofers was founded at Virginia Tech by Michael Rihani, Glynn LoPresti, Patrick Gartlan and Doug Feit. Koofers “allows students to make the relatively opaque process of class and teacher selection fully transparent, by providing grade distributions and teacher feedback to allow a student to shape their individual class schedule, based on their own needs and style.”

Founded by Michael Powers (hence the name “mpower”), “Mpowerplayer is targeted to fix the discovery problem in the mobile gaming market today. Unlike ringtones, where the explosive growth and repeat buyer habits of consumers has built a multi-billion dollar market, the mobile gaming market is stalled.” The site provides a PC-based means for consumers to play mobile versions of the games they are interested in and provides them with an easy way to purchase the game.

MyGameMug was founded by Raymond Lau and Erik Yao, two gamers “who wanted to create the match.com for online gaming.” The site will “create a fund and engaging way to find people whose ‘gaming styles’ are compatible to play online.”

Razume was founded by Sam Blum, Kyle Stoneman and Ryan Geist. I met Sam at a D.C. event earlier this year and he sounded pretty passionate about his company. The pitch is that “Razume is addressing the needs of job seekers in the 21-35 year old demographic.” It’s essentially LinkedIn for a younger demographic. Check out the video below for more.

Founded by Ahson Wardak and Luc Castera, “ShareMeme is an easy tool to send messages, polls, invitations and other things to your friends and associated groups on the channels that they prefer. ShareMeme is addressing a real problem today – inadvertent ’spamming’ of friends across all the channels you use to interact with people.”

Finally, Zadby “deals with the intersection of two phenomena: The continued lack of effectiveness of traditional advertising to reach the 18-35 year old demographic, and the poor means independent web video producers have to monetize the value of the communities that follow them.” The site serves as a market maker for product placement in web based video. I think this idea is great and the site looks well designed. I’ll be interested to see how this pans out.