Impact Global Venture Summit Highlights Sacramento Region Startups

Impact Summit

The inaugural Impact Global Venture Summit was held on November 14, 2016 at the brand new, state of the art, Golden 1 Center. Over 700 people attended and 50 Northern California startups participated in the summit with the goal of providing local startups exposure to investors.

impactvcfounders

Impact VC Founders (left to right): Jack Crawford, Dixon Doll, Eric Ball

This was also the big debut for event organizer, Impact Venture Capital.  Impact VC was formed from Sacramento based Velocity VC in partnership with Dixon Doll and Eric Ball.  Dixon Doll is a well-known Silicon Valley investor with early investments in 20 unicorn (with a valuation over $1 B) companies.

Most of the event consisted of pitches from 20 startups.  Many were from local startups including HomeZada, California Safe Soil, Gatekeeper Innovation, and Barobo.  Startups from the Bay Area also attended with Mountain View based Nightingale Security and Santa Clara based Cornami each receiving an investment from Impact VC.

homezada

HomeZada Co-Founder John Bodrozic

The other big star of the summit was the Golden 1 Center itself.  For many of the attendees, it was their first visit to the most technologically advance arena in the world. The event in concert with the arena really illustrated Sacramento’s emergence as an innovation hub. Sacramento Mayor, Kevin Johnson, tweeted out, “…Now that’s #Sac3pt0!”

 

By Rich Foreman, CEO / Apptology and Director of Startup Grind Sacramento. Rich co-authored the book Tap into the Mobile Economy and his blog has been listed in the Top 20 Mobile Marketing Blogs of 2014.  Follow Rich on Twitter at @ApptologyCEO or attend a Startup Grind Sacramento Event.

Apptology Awarded $50 K RAILS Grant from the City of Sacramento

rails

On November 1, 2016, the Sacramento City Council awarded RAILS (Rapid Acceleration Innovation & Leadership in Sacramento) Grants totaling $1 M to 15 groups that drive acceleration, innovation & leadership for startups in the Sacramento area.  Apptology was awarded $50 K for the StartupSac project.  In partnership with Sacramento Startup Community Leader, Laura Good and Digital Splash Media, the goals of the StartupSac project include:

  1. Expanding and enhancing the website to encompass the full range of  information, services, and resources in the Capital Region, thereby making it easier for innovators and entrepreneurs to connect and engage with each other and help foster and grow the Sacramento startup ecosystem. The goal for StartupSac.com is for it to be the go-to resource of all the services available to entrepreneurs across the region, such as:
    • A curated directory of area startups
    • A job board
    • Continued expansion of Sacramento Startup Ecosystem Circuit Board that visually shows the pieces of the Sacramento startup ecosystem
  2. Extend the access to StartupSac.com, by developing a free native StartupSac iPhone / iPad and Android Apps.
  3. Further catalyze the startup community by connecting organizations and people by curating a directory of area startups, writing and publishing interviews with founders, funders, entrepreneurs, and other innovators, creating profiles of startups and others in the ecosystem, and providing event coverage, etc.
  4. Through public relations and digital marketing activities, promote our startup ecosystem to the community which includes hosting a meetup group to feature events and promotion through digital advertising as well as pitching local startup stories to local media, writing blog posts, and features on social media.
  5. Provide promotion, event management and organizational guidance to grassroots volunteer startup building organizations like Startup Weekend, Health 2.0, Startup Grind, and others, to keep these events (and the community they build) happening in our city.
  6. Highlight female and minority entrepreneurs on a regular basis on the StartupSac website and app and at Startup Grind.

The StartupSac team looks forward to extending the reach and impact of this website, working with other RAILS grant recipients and all members of the Sacramento community to catalyze and grow the Sacramento innovation economy.

By Rich Foreman, CEO / Apptology and Director of Startup Grind Sacramento. Rich co-authored the book Tap into the Mobile Economy and his blog has been listed in the Top 20 Mobile Marketing Blogs of 2014.  Follow Rich on Twitter at@ApptologyCEO or attend a Startup Grind Sacramento Event.

 

Sacramento’s $10 Million Innovation Fund

unnamed-7

On June 21st, the Sacramento City Council unanimously approved a $10 million Innovation and Growth Fund.  The purpose of the fund is to promote innovation and entrepreneurship within the City of Sacramento.  As Mayor Kevin Johnson states, “A more diverse, more entrepreneurial economy means a stronger Sacramento: more jobs, more innovation, and mostly a better quality of life for all of us.”

The fund is one of the largest of its kind.  In comparison, Los Angeles’ Innovation Fund only has a $1 million.  In addition, the fund will continually generate $2 million annually.

Currently, $1 million dollars has been earmarked for the RAILS (Rapid Acceleration, Innovation, and Leadership in Sacramento) with Grants (ranging from $10 k – $250 k) being given out in these three categories:

Acceleration Grants:  Given to accelerators and incubators supporting Sacramento Startups

Innovations Grants:  Civic Tech companies and organizations that foster the innovation community

Leadership Grants:  Educational programs that help train entrepreneurs in technology and Leadership.

If you are interested in applying for a grant, you can do so here.   The deadline is July 22nd.

$500 K has been earmarked for the Economic Development Department to attract technology companies to move or expand in the area.  According to Ash Roughani, Program Manager, “Sacramento is also exploring venture fund investments to increase access to capital for area startups and put Sacramento on the map. “

“Sacramento is truly starting to become a hub of innovation, entrepreneurship and technology and it’s something I’m really, really proud of,” stated Mayor Johnson.

By Rich Foreman, CEO / Apptology and Director of Startup Grind Sacramento. Rich co-authored the book Tap into the Mobile Economy and his blog has been listed in the Top 20 Mobile Marketing Blogs of 2014.  Follow Rich on Twitter at@ApptologyCEO or attend a Startup Grind Sacramento Event.