If You Build Right... They Will Fund Hard Core Tech Will Survive Any Market Place - Even This One

 

 

 

 

As venture capitalists are turning towards later-stage tech companies, startups -- and new technologies -- have encountered a valley where leaps of funding faith are harder to come by. The recent LAVA conference echoed the uncertainty of the community, yet at the same time, angel investors felt that funding is still available for emerging companies. And it isn't that either of the arguments is unfounded.

The CalTIP program, a seed grant administered by larta on behalf of the state of California, will now play an even more vital role to companies trying to emerge in a hesitant community burned by bad investments. Money is available, yet the rules for who is allocated those funds is shifting. The way that CalTIP has evaluated companies -- rewarding hard core technologies as opposed to puff -- will be mimicked in the venture capital community, which can't afford to buy into hype any longer.
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Seed Opportunities

Could your business use $250,000 to Grow?
Technology companies can win up to $250,000 to bring their products to market. larta manages a grant program - the California Technology Investment Partnership (CalTIP) - that provides up to $250,000 in state funds to match federal technology awards.

Federal technology awards help businesses pay for the product, but they do not help with running the business. CalTIP provides the opportunity to get matching state funds to assist in these areas.

CalTIP awards are not debt and they are not equity; they are grant funds to build your company.

Last year, state officials and larta's Technical Review Committee - composed of industry leaders and venture capital investors - awarded $2.4 million in grants.

The solicitation opens March 15, 2001 and all proposals are due by May 15th, 2001

WANT TO LEARN MORE?
larta will be hosting informational workshops to assist companies with the application process. Sign up for any of the 4 workshops below at larta's website http://www.larta.org/CalTIP/caltip.html.

Each Informational Workshop is $35 per attendee

Date	Location
March 22, 2001 Thursday (9:00 a.m. - 12:00 p.m.)	Garden Grove Center Cal State Fullerton 12901 Euclid Street Garden Grove, CA
March 24, 2001 Saturday (9:00 a.m. - 12:00 p.m.)	Candle Corporation 201 N. Douglas St. El Segundo, CA 90245
March 28, 2001 Wednesday (9:00 a.m. - 12:00 p.m.)	Rockwell Science Center 1049 Camino Dos Rios Thousand Oaks, CA 91360
April 3, 2001 Tuesday (9:00 a.m. - 12:00 p.m.)	California Institute of Technology Avery Library 1200 East California Boulevard Pasadena, California 91125

for more information visit http://www.larta.org/CalTIP/caltip.html, or contact Mr. Lynn Foster at lfoster@larta.org.

Meet, Mix and Mingle:
Highlight of Featured Events
This event bulletin is provided as a service by larta on behalf of various partner organizations. This announcement provides more comprehensive detail about events vetted and endorsed by larta.

March 17: Caltech/MIT Enterprise Forum - Emerging Opportunities in Biotechnology and Medicine: Can Your Start-up be a Winner?
With the areas of biotechnology, genomics, and medicine growing hotter than ever, a seasoned keynote speaker and a panel of experts will help us explore where the opportunities lie for the entrepreneur and small company, and review the plans and progress of two successful companies. This event will feature: Dr. Nathaniel David, Founder & Director of Business Development, Syrrx, Inc.; Dr. Roger Crossley, President and CEO, GalvaniX; Dr. Yu-Chong Tai, Caltech Professor of Electrical Engineering; Mr. Alex Suh, Managing Director, California Technology Ventures; Mr. Larry Sousa, Former Senior Vice-President of Research, Amgen, Inc., and Founder Protein Pathways; Dr. Amit Kumar, VP Life Sciences, Acacia Research Corporation; and a Keynote by Dr. Kwang-I Yu, Founder, President and CEO, PARACEL, a Celera company
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March 20-21: Milken Institute's Global Conference
Join 1500 of your colleagues representing the world’s leading business and financial institutions for two days of thoughtful, insightful discussions on the U.S. and global economy at the Milken Institute 2001 Global Conference. This conference now has more than 100 panelists on 27 sessions participating in this extraordinary event.
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March 21: Town Hall Tech Talk Live Featuring Michael Dell
Michael S. Dell, Chairman of the Board and Chief Executive Officer Dell Computer Corporation, will discuss "Global Success in the Internet Age". The Internet has helped foster a worldwide "direct mentality," bringing information and services directly to end users in unprecedented ways. The Dell Corporation’s philosophy is that its global success will always be a result of how well they listen to, adapt with, integrate and understand their customers, and the Internet provides that ultimate connection. Michael Dell, founder of the world’s leading direct computer company, will share his ideas for global progress.
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March 21: The Layoff Lounge
It's 2001. Are you a victim of the dot com shakeout? A recent layoff have you down? Don't worry. There's light at the end of the tunnel. You just need to know where to find it. Introducing The Layoff Lounge...your online and offline destination for a new start in the new economy. Thousands of professionals like yourself have been stranded by the plague of new economy layoffs. The Layoff Lounge is here to provide an online resource center in combination with innovative offline networking events to ease your transition. This event will feature a keynote address by Rohit Shukla, President & CEO of larta.
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April 17: 7th Annual Southern California Technology Venture Forum
This is the epicenter of emerging markets! The Venture Forum is the premier venture capital event of its kind in Southern California. The Venture Forum has jump-started nearly $400 million of financing for cutting-edge technology companies since its inception. Join top venture capitalists, such as Paul Nadel from East West Venture Group, Todd Springer from Trident Capital, and Joel Balbien from Smart Technology Ventures. Past technologies have included: optical networking, wireless broadband, telecommunications, nanotechnology, micro-electro-mechanical systems, biosciences, storage area networks, and information technologies.
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