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OCTANe , the Orange County-based organization helping to bolster the hightech industry and entrepreneurs, reported this morning that in the first half of 2012, companies participating in its startup accelerator have raised a total of $26.8M in funding.
At the same time, the need for the products and services that OCTANe provides are greater in a recessionary economy than in when the economy is booming. The demand for our products and services is really high, unemployment is high, the need for new technology is high, as is the need to increase efficiency from businesses.
Aliso Viejo-based Arkami, one of the startups in OCTANE's Launchpad Accelerator, has just zoomed past $360,000 in funding commitments on the crowdfunding site Kickstarter, according to the firm's myIDkey project page.
Technology veterans Tareq Risheq and Mark Thacker are no strangers to the world of hightech startups and angel and venture capital--Risheq was formerly CEO of Celllynx, Thacker was co-founder at Datallegro--but the way they're funding their newest startup is unusual, and a testament to the growing popularity of crowdfunding.
Every year, we feature the year end reflections of founders, CEOs, investors, sposors, and others in Southern California's hightech community. We've been posting these throughout the next two weeks. Today, we have Andy Wilson, Executive Director of the Alliance for SoCal Innovation (www.alliancesocal.org).
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