We knew it was big news when Washington, DC-based startup accelerator LaunchBox Digital announced it would be moving its program to Durham, specifically to the American Underground real estate play on the basement level of American Tobacco's campus.
But just how good? If a recent ranking by a Kauffman Foundation fellow in collaboration with Northwestern's Kellogg School of Management and the publication Tech Cocktail is to be believed, pretty good indeed.
LaunchBox Digital was just ranked fourth nationally among all such accelerators -- and was the only accelerator in the southeastern United States outside Texas to be recognized.
TechStars Boulder and the best-known of the breed, Silicon Valley's Y Combinator, took the top two spots; Chicago's Excelerate Labs ranked third.
The news comes amidst a spate of interest in entrepreneurship and start-ups in Durham, from Bull City Forward's just-celebrated one year anniversary to the arrival of support from the Blackstone Entrepreneurs Network, which could help bring heightened venture capital attention to Durham, long in the blind spot of major West Coast VCs.
See more at Tech Cocktail.