SARTA Awarded $25,000 PG&E Grant
Sacramento, - The Sacramento Regional Technology Alliance (SARTA) announced this week that it has been awarded a $25,000 Economic Vitality Grant from Pacific Gas and Electric Company (PG&E) to help start-up businesses increase their success through the VentureStart program.
SARTA VentureStart links high-potential, early-stage companies to mentors, and helps evaluate their readiness to secure financial support. Companies such as Glue Networks, Electro Scan, Smart Grid Billing, Micromidas, Chrometa and several others have benefited from SARTA VentureStart support.
SARTA will use the PG&E grant to enhance VentureStart through a partnership with OCTANe's LaunchPad (tm) program. LaunchPad, which provides a detailed and quantitative evaluation of business plans, strengths and weakness analysis, and predictions on funding probability, was developed by OCTANe, which was formed in 2002 to fuel technology growth in Orange County. SARTA and OCTANe are members of the state-designated Innovation Hub (iHub) network.
The LaunchPad partnership will enable SARTA to deliver tangible value to mentored companies, and demonstrate the meaningful economic impact of those companies in the region.
"This grant from PG&E will help us dramatically increase the effectiveness of our efforts to help startups get off the ground and grow, and to better track and report the impact of our assistance," said Meg Arnold, SARTA chief executive officer. "The LaunchPad approach is another important tool for us in supporting Northern California tech-sector growth."
SARTA is the first recipient in this year's PG&E Economic Vitality Grant Program. The pilot program will invest $250,000 in shareholder funds to ten grantees for programs designed to enhance local economic vitality - ranging from local job growth, workforce development and economic opportunity.
"By supporting start-up technology businesses in the Sacramento area, SARTA is helping strengthen the overall economic health of this region for the future," said Greg Pruett, senior vice president for PG&E. "PG&E is proud to award grants to organizations like SARTA that are boosting economic vitality in the communities we serve."
SARTA was established as a 501(c)(3) non-profit organization in 2001, and is accelerating the growth and development of the technology sector in the nine-county Sacramento region by linking technology leaders, entrepreneurs, investors, service providers, community organizations and educational institutions.