Several enthusiastic Seattle entrepreneurs have banded together to form what most certainly is the first startup incubator specifically tailored to the Bitcoin niche.
CoinLab is the handiwork of Peter Vessenes, Mike Koss and Tihan Seale and shares a space within Mike Koss's co-working space (StartPad) located in downtown Seattle, Washington. CoinLab is already hard at work on BitSent, which aims to solve the problem of making transactions "in the wild" without a smart phone.
This has been a plan in the works by both Vessenes and Koss, who had both met with Nefario (alias), a Bitcoin developer (owner and maintainer of the Bitcoin Global Stock Exchange) and English teacher in a Chinese University, who was also interested in creating a hackerspace for startups revolving around Bitcoin. However, United States customs prevented the meeting from taking place, and Nefario had to return to China.