EMBARC COLLECTING STARTUPS
Think of Embarc Collective, the planned innovation hub backed by Jeff Vinik, as a hothouse for young tech companies.
But the collective, which opened its application process Tuesday and plans to open its doors next March, is not a co-working space or startup accelerator or incubator looking to turn a profit by betting on startups.
Instead, it's applying for nonprofit status and won't be taking equity in the startups it selects. Rather, it will charge member startups a fee to move int...