Calling All Entrepreneurs: New Funding and Mentorship Program Created to Help Local Entrepreneurs

CLAREMONT, Calif., July 21 /PRNewswire/ -- Tech Coast Angels, the largest angel investing group in the US, is excited to announce the launch of the SeedTrack IE program for the Inland Empire and surrounding communities. As a group, the Tech Coast Angels ("TCA") generally invests $500,000 to $1M in early stage high-tech entrepreneurial startups with high growth potential, a proven revenue model, and a solid management team.

With its new SeedTrack program, TCA is able to provide executive mentorship and funding from $10,000 to $250,000 to even earlier stage entrepreneurs within Southern California who, although they may have a great vision, do not qualify for TCA's standard angel funding rounds because of the lack of a revenue history and/or experienced management team.

John Tillquist, President of TCA's Inland Empire Network, notes: "The SeedTrack IE program was created to help spur the creation of knowledge-based startups within the Inland Empire that, with our financial support and expert mentorship, have the potential of growing into 20-40 million dollar enterprises within 5-7 years."

Adds Mike Napoli, the founder of TCA's Inland Empire Network: "In addition, the TCA SeedTrack IE program is designed to facilitate the commercial capitalization of research projects undertaken by faculty and/or students at the colleges and universities within the Inland Empire and surrounding regions including all of San Bernardino and Riverside Counties."

"The SeedTrack IE program is unprecedented," continues Surya Jayaweera, Chairman of the TCA SeedTrack IE program, "and entrepreneurs in the Inland Empire and surrounding regions – ranging from Claremont east to Indio, and from Barstow south to Temecula – are invited to apply online at http://www.techcoastangels.com. The majority of new jobs have been created by small businesses, and we hope to help kick start this economy!"

Please note that TCA and the SeedTrack program do not invest in franchises or small businesses without a 20 million dollar or higher growth potential.

For further information, please contact Surya Jayaweera at: [email protected].

As a group, TCA has invested over $100M in Southern California Startups, leading to over one billion dollars in follow-on funding. Providing more than just money, TCA brings connections, knowledge, mentoring and operational assistance to bold early-stage entrepreneurs with game-changing ideas. Let us help you to turn your vision into a sustainable and successful business.

SOURCE Tech Coast Angels