Octane Foundation for Innovation
Octane Foundation for Innovation (OFI) is committed to making resources, capital, and mentorship available to tech & medtech startups, as well as underserved members of our community. Our mission is to drive innovation by elevating the strength and diversity of the region as a whole.
Women Leaders of Octane
Formation & Growth of Tech and MedTech Companies
Through Octane’s Non-Profit Accelerator and LaunchPad SBDC Accelerator, Octane is committed to creating high-paying jobs throughout the region by helping companies grow and scale in Southern California
Promotion of Economic Inclusion & Opportunity for Underrepresented Populations
Infusion of Capital into the Regional Economy
Creation & Retention of High-Paying Jobs
Octane Foundation for Innovation has 5 initiatives to bring about positive change in Orange County.
Women Leaders of Octane
An Unacceptable Disparity
Women Leaders of Octane launched in 2018 after seeing the disparity in funding offered to women-owned and operated startups – only 6% of total venture capital and 13.1% of total deals (according to a study by Pitchbook) went to women-owned/operated companies. This means that not are women founders less likely to receive funding, but when they do, they receive about half the funding dollars!
This overall inequality is deepened when combined with the lack of women on public boards and the lower rate of hiring and promotion for women. We also found that these numbers more adversely impacted women of color and only emphasized the necessity of creating this initiative.
See our goals below.
We Want More…
More Women-Led Startups
We want to increase the number of women-operated companies in SoCal that graduate from Octane’s Accelerator, LaunchPad SBDC.
We want to support women in their career development and growth by providing access to resources and power networking opportunities.
More Women on Boards
Increasing Impact for Local Non-Profits
We applied our award-winning LaunchPad SBDC Accelerator process to non-profits to further their impact in the community and increase their sustainability.
We focus on non-profits that benefit STEM programs, especially those that deliver education and resources to underrepresented communities.
The Non-Profit Accelerator is made possible with a grant through the Edwards Lifesciences Foundation.
Applications for our next Cohort will open in Spring 2024.
We’re Looking for an Increase…
Using our LaunchPad SBDC Accelerator process, we can help non-profits make a greater difference in the community.
Increasing in Grants & Funding
LaunchPad SBDC helps companies prepare to meet with investors. Similarly, the Non-Profit Accelerator program helps non-profits in their strategy and pitch to apply for grants and funding.
Entrepreneurship for Underrepresented Populations
The Octane STEM Fellows identifies high potential students from a diverse background, who are STEM majors with an inclination towards entrepreneurship. This program features training of basic entrepreneurship leadership concepts as well as peer interaction and provides access to Octane programming along with the opportunity to attend one of Octane’s leading conferences.
The inaugural year of this program is made possible by funding from Broadcom Foundation.
Offering Greater Access
Access to Networking
Access to Innovation
Keeping promising young talent and innovation here in Orange County is essential as Orange County continues to grow.
Access to Talent
What We’re Doing About It
Entrepreneurial Leadership Skills
Attending Programs & Conferences
LaunchPad SBDC Accelerator
A Top Five SBDC Accelerator in the Nation
Our award-winning tech and medtech accelerator, LaunchPad SBDC is a pro bono service, funded by the SBA. Our proven process offers a strengthened capital funding strategy, actionable feedback, access to an influential network, and our proprietary predictive analytics.
How We Accelerate Success
We have a panel of experts and advisors as well as our own knowledgeable LaunchPad SBDC team to guide you in your pitch and capital strategy.
Analytics & Feedback
LaunchPad SBDC Alumni Leading the Way During the Healthcare Crisis
Success Series: PatientFi
Todd Watts, CEO of PatientFiwinner of the LaunchPad SBDC People’s Choice Award took the time to discuss the growth of his company, his experience through the LaunchPad accelerator, and the success that he is seeing with PatientFi.
Intellivsion Launches Pre-Order of Amico
Success Series: IntelliStem
Riam Shamma, CEO of IntelliStem, discusses their process with LaunchPad SBDC leading up to MedTech Innovation Forum, and where they see themselves in the future after their win.
Preparing Orange County for the Next Generation of Leaders
Orange County should be a place where you can bring an idea to reality. Southern California has been home to innovation for decades along with a unique culture that intersects arts, science, and technology.
This is part of a developing collaborative effort with other members in the community.