*NEWS: OCTANe Announces Partnership with a Multi-National Network of Accounting Firms at the Start of Its Technology Innovation Forum. And Provides More Details of Several Other Initiatives…
OCTANe, an organization with a tech and life sciences accelerator, today announced a partnership with RSM International, a multi-national network of accounting firms, which collectively is the fifth largest accountancy professional services network in the world.
RSM will provide financial and accounting operations, managed IT tools, cybersecurity and tax services, so that OCTANe-affiliated companies can focus on growing their businesses and accelerate revenue.
The partnership will provide OCTANe partners access to RSM’s platform nationally. It’s aimed at mature companies that have used the LaunchPad accelerator, as well as the small- and medium-sized businesses market.
OCTANEe also took the opportunity at its signature event, the Technology Innovation Forum, (at the Newport Beach Marriott today and tomorrow) to provide updates on the results of several of its initiatives – all based on its goal to accelerate momentum and job growth in the SoCal region.
Each are key parts of OCTANe’s overall strategic plan.
“Recently, there has been a lot of interest in growing jobs and the technology industry in Southern California, specifically Orange County,” Bill Carpou, CEO of OCTANe, said in a press release. “We are thrilled to be a part of making this tremendous growth a reality through our latest initiatives and partnerships with premier leaders in our field.”
– Investment Banking Partnership: Last July, OCTANe struck a partnership with Tellson Securities, which has resulted in three company seeking capital with Tellson’s help. (see related story here).
And, Tellson is expanding to include offices in NYC and Washington, D.C., which will provide additional industry engagement in fintech and cybersecurity.
– Private Investor Network: OCTANe intends to grow this network and fill $1 million to $5 million investment rounds under the guidance of recently appointed Director of Capital Markets, Debra Hart. (see related story here).
This network will continue to expand as highly-qualified investors continue to show an interest in the OC region and its surrounding tech industry. The goal is to fill the “large void” for early-stage companies.
– InSoCal Expansion: InSoCal was founded by OCTANe, the Los Angeles Venture Group and the San Diego Venture Group last year.
The combined entities recently announced results for 2018 – close to $700 million — which surpassed expectations. (see related story here).
With the recent merger of the San Diego Venture Group and Connect, the InSoCal network has expanded its reach to cover universities, investors and early-stage companies.
Look for InSoCal to create events this year to reach investors across OC, LA and SD counties. And, plans are already in the works for an entire innovation-themed week around OCTANe’s 2020 Technology Innovation Forum. It will be anchored by the forum again on a Monday and Tuesday, with LA and San Diego events on Wednesday and Thursday. The entire week will likely be preceded by a hack-a-thon.
– Vertical Market Focus: Having learned valuable lessons working with the ophthalmology industry, OCTANe plans to take a more vertical approach in new initiatives combining thought leadership and capital.
New focus areas will include fintech, data analytics, cybersecurity, medical aesthetics and dental. This strategy will be executed with key industry partners, like Allergan.
Companies that have already committed to join the fintech initiative include Acorns, Blast, Silicon Valley Bank and Cloudvirga. Experian is helping lead this effort.
– Great Park/FivePoint Partnership: OCTANe has partnered with the Great Park and FivePoint to create a hub of innovation, which will include the recently announced City of Hope Cancer Center. (see related story here).
– Womens’ Leadership: OCTANe has introduced an initiative to focus on helping women entrepreneurs and accelerating the growth of their companies. (see related story here).
Success metrics include: increasing women-operated companies through its LaunchPad accelerator; getting more women-operated companies funded; providing greater access to resources; and power-networking opportunities to connect female leaders with public and private board opportunities.
OCTANe has helped more than 800 companies via its LaunchPad SBDC accelerator.
LaunchPad companies have received more than $2.1 billion in investment and equity exits.
The organization annually welcomes more than 7,000 people to its programs and events.
More than 2,000 business leaders throughout the region are OCTANe members.