Cal Poly’s Center for Innovation and Entrepreneurship (CIE) Small Business Development Center (SBDC) opens applications for Central California startups to participate in AngelCon 2021 – a competition in which local companies compete for over $100,000 in equity-backed funding.
Central California – based startups will have the opportunity to join the ranks of De Oro Devices and Atlas Alpha, Inc. who collectively won $220,000 and received approximately $1M 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 fourth 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 100 new angel investors counting this year’s fund, and provided access to more than $5M in capital to 18 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 annual event is propelled by a dedicated group of angel investors interested in investing 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 in June 2021.
About the Cal Poly CIE Small Business Development Center
The Cal Poly Center for Innovation and Entrepreneurship (CIE) Small Business Development Center is funded in part through a subcontract between Cal Poly CIE, the city of San Luis Obispo and UC Merced, under the current cooperative agreement with the U.S. Small Business Administration. The SBDC is a top resource for business owners and aspiring entrepreneurs, offering no-cost, expert one-on-one business consulting, training and online courses in startup assistance, debt and equity funding, sales and marketing, international trade and product commercialization.
For more information, visit http://sbdc.calpoly.edu/.