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 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 3% of total venture capital (according to this Forbes study) and the lower rate that women are hired and promoted. We 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.
More Women on Boards
Increasing Impact for Local Non-Profits
We applied our award-winning LaunchPad 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 open in July. For updates and to get more info, sign up here.
We’re Looking for an Increase…
Increasing in Grants & Funding
Our Current Cohort
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
Access to Talent
What We’re Doing About It
Entrepreneurial Leadership Skills
Attending Programs & Conferences
A Top Five SBDC Accelerator in the Nation
Our award-winning tech and medtech accelerator, LaunchPad 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
Analytics & Feedback
LaunchPad Alumni Leading the Way During the Healthcare Crisis
Success Series: PatientFi
Intellivsion Launches Pre-Order of Amico
Success Series: IntelliStem
Bring Soul Back to Orange County
Orange County is the dreamer’s playground. By giving young people a new way of being, we aim to kick off an Orange County Renaissance focused on creativity, innovation, and inclusion. Orange County should be a place where you can bring an idea to reality.