(NewsUSA) - California has always been the "it" state. The go-to location for creativity and the birthplace of innovative ideas, and successful companies. While not always the case (think: more than a decade of economic and social troubles), it remains the eighth largest economy in the world.
Supporting the idea that the Golden State is still the place to see and be seen, is that high-tech companies employ approximately 1 million people with a payroll of about $100 billion, and that 66 percent of new jobs come from companies younger than five years old.
So, what does all this mean? For OCTANe, a startup accelerator, it's an opportunity to connect people and ideas with capital and resources to fuel technology and growth in Orange County. Through its LaunchPad SBDC program, the Orange County-based company has seen tremendous initial investment in affiliated startups. With follow-up funding and equity exit activity, total investment in OCTANe LaunchPad companies now approaches more than $780 million since 2004.
In the spirit of continuing its mission to help companies raise capital, OCTANe Launch Pad will be holding its Technology Investor Forum on May 5 in Irvine, Calif.
"The Technology Investor Forum presents a unique opportunity for entrepreneurs, investors, local universities' faculty and staff and corporate CEOs to come together in one place to build upon the strong foundation of resources in Orange County," said Bill Carpou, OCTANe CEO.
One award-winning technology company selected by OCTANe to be showcased at the event is MovoCash, Inc.
"We are excited to be a part of what OCTANe is doing to promote economic growth in Southern California, and it is an honor to present along side of the other terrific startup companies hand picked by OCTANe," said Eric Solis, president and CEO of MovoCash.
MovoCash will be presenting their groundbreaking payments technology in front of over 700 in attendance. The premise of MovoCash is to provide a secure app for consumers to take control of their finances by turning their smartphones into their very own digital banks, generating fraud-preventing one-time-use payment tokens on demand for shopping online or in store.
A total of 10 hand-picked companies will be showcased at the event. To date, past companies that have been selected to present have gone on to raise over $418 million.
"This event serves as a source for capital creation for emerging companies and businesses within the California region and gives entrepreneurs the opportunity to connect with investors from all over the country," said Carpou.
Attendees will have access to investment panel discussions, a "fast pitch" competition with prominent regional investors, and an innovation showcase demo.
Sponsors of the event include Microsemi, UL, Stradling, Silicon Valley Bank and Microsoft among many others. For more information, visit www.octaneoc.org and www.movocash.com.