$100,000+ in Equity-Backed Investment Available for Disruptive Startups
SAN LUIS OBISPO JANUARY 17, 2023– Cal Poly’s Center for Innovation and Entrepreneurship (CIE) Small Business Development Center (SBDC) opens applications for Central California startups to participate in AngelCon 2023 – 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 Tallyfor, AcreCloud and Novocuff, who collectively won $350,000 and received close to $1M in follow-up investments. Applicants must be based in Central California, 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 sixth 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 $19M in capital to 26 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, hybrid-event, which will take place June, 1st 2023.