2016 in Review

2016 was a great first year for the Southwest Angel Network.

The network ran four quarterly funding cycles. A total of 85 social-impact companies applied for funding during the year, including companies from the Austin, Houston, Dallas, the bay area, the east coast and the Midwest. The angels got to meet very interesting and talented executive teams, all of whom share a passion for making the world a better place.

Fifteen companies were selected to pitch at our four events, and four of those companies received funding:

Brobe is a women-led business that improves the lives of post-surgical breast-cancer patients. Our funding allows the company to increase inventory, which then allows a rapid increase in sales.

Flow Below reduces the ecological impact of tractor-trailer trucks by improving fuel efficiency and reducing their CO2 footprint. Our funding helps the company to expand their customer base to include truck manufacturers.

OneSeventeen Media is a women-led business that supports the emotional well-being of junior high and high school students by providing a mobile app, MyMobileMentor. Our funding allows the company to finish development of their initial product.

Querium furthers the education of students who lack the math skills needed to succeed in today’s technological society.  Our funding helps the company to enhanced their product technology.

This successful year could not have happened without our insightful and collaborative angels who are working to address significant societal problems, who enjoy helping young companies, and who are striving to achieve a financial return on their investments.

The network also participated in a wide variety of social-impact community events, including running an 11-week class for budding social entrepreneurs, and organizing in April a city-wide event addressing whether Austin can become a national hub for social entrepreneurship.

November 2016

An eleven week social-good entrepreneur workshop, that was organized by the Southwest Angel Network in conjunction with other Austin organizations, ended with an elevator-pitch competition. The winner of the competition was Sunconomy.

Sunconomy is not only changing the construction industry by using brand new 3D concrete print technology to print an affordable house in a day. We are also working with non-profit agencies such as the NCOA and Restore Texas Ministries to provide much needed skilled job training in robotics, advanced materials and IoT technologies. Our mission is to improve family wealth and stability by building affordable, smart, sustainable homes built by individuals that care for people.

Suncomony will be invited to present at the next evening dinner pitch event of the network,

September, 2016

The Southwest Angel Network participated in the Social Impact Epic Office Hours at the Capital Factory.

The Southwest Angel Network participated in the Intro to the UT & Austin Startup Ecosystem event at the UT McCombs School of Business.

August, 2016

The Southwest Angel network held its third-quarter evening dinner pitch event.

June 2016

Austin ranks number three in the country for social impact businesses.  “Washington, D.C., and San Francisco ranked No. 1 and 2 respectively, according to the Halcyon Incubator,…….”

The Southwest Angel Network invests in Flow Below, which improves the fuel efficiency  and lowers the carbon footprint of long-haul tractor trailer trucks.

April, 2016

The Southwest Angel Network organized an event at St. Edward’s University discussing how Austin can be the national hub for social entrepreneurship. Panel participants includes senior representatives from St. Edward’s, Tech Ranch, Austin+SocialGood, SWAN, Mission Capital and start-up company Aiqueous. Six more companies and Urban Co-Lab had tables in the foyer.

The on-line new source, Built-in-Austin, ran a story on the Southwest Angel Network’s next funding cycle.

The Southwest Angel Network helped judge a business plan competition hosted by Fruition Labs and Urban Co-Lab.

December, 2015

The  Austin Business Journal reported that Socially conscious investing gains momentum in Austin.

“Social-impact investing continues to gain momentum in Central Texas as entrepreneurs try to make nice — while making money.

The latest venture is a crowdfunding portal called Diversity Fund LLC, designed for investments in LGBT and minority-led businesses. Charlie Jackson, the CEO of software maker Acceleros LLC, said he launched the portal to fill a niche that had yet to be taken amid the many crowdfunding platforms in Texas. “

November, 2015

The website Built-in-Austin has a news article on Austin social-impact startup ventures.

“Even in today’s checkered tech startup landscape, most B2C revenue models fall into one of two buckets: Give away something cool and support it with ads or create a marketplace and take a cut of every transaction.

Then, there are social impact startups……”
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