Accelerate Okanagan has opened applications for the fifth-annual OKGN Angel Summit.
This uniquely elevated pitch program guides Okanagan-based investors and startups from across Western Canada through the capital-raising process as part of a Dragon’s Den-style selection process culminating in a public Grand Finale.
On March 16th, 2023, the last company standing will be awarded an investment fund of up to $250,000, the largest in the program’s history.
“The incredible momentum generated by the four previous Summits is enabling us to attract a wider range of investors and a roster of leading capital experts,” said Scott MacFarlane, Fund Manager for the 2023 OKGN Angel Summit.
“This innovative program is a prime example of Accelerate Okanagan’s commitment to creating positive change across Canada and around the world by supporting entrepreneurs, fostering business connections, and strengthening the capital ecosystem.”
Through the 10-week program, Accelerate Okanagan has helped hundreds of participating companies learn about the capital raising process and how to effectively build relationships with prospective investors.
Meanwhile, more than 70 Okanagan-based investors have received training to proactively learn how to vet companies, provide feedback, and perform due diligence in supporting early-stage companies.
Since winning the 2022 Summit, Nelson-based CertiCraft has increased its overall annual recurring revenue by $200,000, added four new team members, and is making huge improvements to its sales and marketing processes.
“The Summit provided the mentorship and investment capital needed for us to enter the mid-sized market segment and launch a pilot project,” said CEO Sami Majadla, adding that the company “has also received incredible support from Accelerate Okanagan’s RevUP accelerator program.”