Statewide investor and accelerator announces $50,000 Houston startup competition
It's game on for Houston startups looking to win some investment dollars. Texas-based Capital Factory has announced a pitch competition specifically for Houston founders.
Capital Factory is accepting applications now through April 26 for the competition that will take place on May 21 as a part of Houston Exponential's second annual Houston Tech Rodeo, which is is being held May 17 to 23 this year. The week-long collection of events will be held in a hybrid capacity with both in-person and online events.
Five Houston startup finalists will be selected to pitch for the $50,000 SAFE or Convertible Note investment prize, access to the Capital Factory Mentor network, entry into Capital Factory's portfolio, and more.
Any tech or consumer packaged goods startup is eligible to apply, according to a blog post from Capital Factory, and applications are available online.
Capital Factory was recently identified as the most active Houston startup investor, according to a recent report by the Greater Houston Partnership. Between 2017 and 2020, the organization invested in 29 deals at Houston-based companies.
In January of 2020, Capital Factory merged with Station Houston, effecting an increased presence in Houston. In an interview early last year, Capital Factory Founder and CEO Josh Baer says he has 40 Houston companies in the organization's portfolio and he had plans to double that by the end of 2020.
Ahead of the pitch competition and of Tech Rodeo, Houston Exponential is calling for event submissions to be a part of the week of programing. To submit an idea, click here to fill out the form by the March 31st deadline.
Check out this a video from last year's Tech Rodeo. Note: InnovationMap is a media partner for Tech Rodeo.
Houston Tech Rodeo 2020 - Official Videoyoutu.be