Home   /  Business

advertisement


Chamber’s A-List highlights promising startups

By Gary Dinges - American-Statesman Staff



AeonClad Coatings. Gravitant. Kimbia. Localeur. NOOM. Terapio.

Odds are you haven’t heard of them yet, but those companies are among 19 Central Texas startups destined for greatness, according to a panel of experts assembled by the Greater Austin Chamber of Commerce.

The chamber’s 2013 Austin A-List features a diverse mix of businesses, everything from a company that created an app that child-proofs smartphones to a social network for fitness buffs to a firm focused on spine imaging.

The goal, chamber executives say, is to connect startups with investors who can help finance future growth. Companies featured on last year’s Austin A-List, including Deep Eddy Vodka and uShip, have received almost $58 million in funding, according to chamber figures.

“Austin is easily identified these days as one of the country’s greatest innovation hubs,” chamber president Mike Rollins told the American-Statesman. “We want to do our part to highlight some of the great innovations going on in our region.”

New this year, the chamber has teamed with South by Southwest Interactive on the Austin A-List project, helping get the word out to attendees around the globe. More than 30,000 people attended SXSW Interactive this year.

“We want to see more publicity for Austin and more investment here,” said Hugh Forrest, director of SXSW Interactive. “There are a lot of people here doing creative things.”

That creative culture is one selling point that helps attract so many startups to Austin instead of the East and West coasts, Forrest said. But it’s not the only reason.

“This city is a much cheaper place to do business than the Silicon Valley,” he said. “It’s more affordable, and the quality of life is another huge selling point.”

The Central Texas Angel Network is among the local investors working to attract and keep startups in the Austin area. In 2012, it invested more than $8 million – a record – in 28 companies.

Thirteen of the companies were first-time recipients, while the remaining 15 had previously received investments from the group.

“Angel investors continue to play a critical role in funding startups,” said Michele Skelding, part of the Central Texas Angel Network’s membership committee.

“The increased activity among angel investors in the Central Texas region is abundant evidence that angel investors are not only proven, but also a vital part of fostering and advancing the next generation of innovative companies in Austin.”


Popular on MyStatesman.com


advertisement

advertisement


Read Today's Paper Online

Read Today's Paper Online

Still like to read the newspaper in the familiar page-by-page format? Great news! Digital versions of today's paper are available on your computer or tablet. And it's included in your subscription.

Learn MoreRead

Manage Your Account

We're Listening

We hope you're enjoying MyStatesman.com, our premium website exclusively for subscribers. Please tell us what you like and what we can do to make it even better by completing a brief survey.

Take The Survey

You have reached your limit of free articles this month.

Enjoy unlimited access to myStatesman.com.

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of free premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks.

X

Welcome to myStatesman.com

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on myStatesman.com.