$100,000 in Equity-Backed Investment Available for Disruptive Startups
November 2, 2021 (San Luis Obispo, CA)– Cal Poly’s Center for Innovation and Entrepreneurship (CIE) Small Business Development Center (SBDC) opens applications for Central California startups to participate in AngelCon 2022 – a competition in which local companies compete for $100,000 in equity-backed funding.
Central California – based startups will have the opportunity to join the ranks of De Oro Devices, Atlas Alpha, Inc, and Tallyfor who collectively won $365,000 and received approximately $1.6M in follow-up investments. Applicants must demonstrate a completed proof of concept with an MVP and/or early revenue, have potential for scalability and high growth, as well as have a strong founding team.
“AngelCon has become a keystone event for the Central California business community,” says CIE Economic Development Director Judy Mahan. “This is our fifth annual event; we originally launched AngelCon in 2018, hoping to engage with people who would be interested in learning to invest in tech startups. The outcomes have surpassed our expectations, we’ve connected with close to 150 new angel investors counting this year’s fund, and provided access to more than $7M in capital to 20 startups. It’s been very rewarding to act as a conduit connecting new Angels to local deal flow, as well as showcase the amazing pipeline of innovative startups launching and growing in our County.”
This event is propelled by a dedicated group of angel investors interested in early-stage startups in exchange for ownership equity or convertible debt. These investors have strong involvement in the evaluation, due diligence, and selection process of AngelCon applicants leading up to the live event, which will take place April, 21st, 2022.