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Oklahoma’s startup deal pipeline is flowing

 
BY TOM WALKER | Published: October 13, 2009    Comment on this article Leave a comment

I felt a sense of Oklahoma pride as 300 professional fund managers and economic development officers from across the nation gathered in our state last month for the National Association of Seed and Venture Funds annual conference.

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Last month, the U.S. Department of Commerce created the Office of Innovation and Entrepreneurship to maximize the economic potential of new ideas. The office will focus specifically on issues critical to the creation and development of entrepreneurship ecosystems that will generate new businesses and jobs. Result? Increased local support for Oklahoma researchers, entrepreneurs and investors.

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Led by the Greater Oklahoma City Chamber and a coalition of local organizations, the NASVF brought in hundreds of thousands of dollars to the state’s economy and delivered an encouraging message to Oklahoma innovators and entrepreneurs.

The three-day conference focused on the significance of making angel capital and seed funds available to entrepreneurial startup companies.

This is an important topic since many startup companies are developing new products that are in too early of a stage to be underwritten by bank financing, so they must find risk capital to survive. This type of money typically comes from the region where the company resides; therefore private angel investors and seed funds need to be cultivated locally to grow these promising small businesses.

By the conference’s adjournment, best practices and investment strategies were shared in dozens of breakout sessions.

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Related Topics: Business, Private Equity, Venture Capital, Startups, Angel Investing



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