Startup El Dorado County Launches

Last December , El Dorado County announced that they would offer up to $50,000 as a scholarship to cover the expenses of local businesses participating in local incubator and accelerator programs. However, to qualify for this scholarship, the businesses must fulfill application criteria and commit to stay in the county for a minimum of three years.

This coming Wednesday marks the official inauguration of Startup El Dorado County, an initiative which underscores the importance of community and collaboration in creating a successful company. The Growth Factory, an enthusiastic partner in this project, will be working alongside El Dorado County to seek out, financially support, mentor, and help expand the reach of budding local startups.

The public is invited to the launch of Startup El Dorado County at the El Dorado Hills Town Center to get acquainted with and learn more about the local entrepreneurs, while networking with local angel investors, and civic and business leaders keen on supporting these startups. Brickyard Counter & Bar will provide food, drinks, and music for the event.

Personally, I am thrilled about the accelerator program which is not far from Folsom and provides financing opportunities. I am optimistic that in due course, the City of Folsom will also initiate a similar program in our city.

Attend the Startup El Dorado County Launch Party

When: Wednesday, May 24 at 5 pm.

Where: Steven Young Amphitheater Town Center Boulevard El Dorado Hills, CA 95762

Cost: No charge to attend but please RSVP

Register: Eventbrite

About the Growth Factory

The Growth Factory is a nonprofit startup accelerator with an accompanying venture fund building a Backyard Advantage - the uniting of Sacramento’s most innovative, committed, and successful leaders to rally around the most promising startup founders and help them succeed. Our mission is to build an entrepreneurial engine that scales high growth companies in the Sacramento region and fuels a thriving culture and competitive economy.

About Rich Foreman

Rich Foreman is the founder of KidneyLuv which develops solutions for patients with Chronic Kidney Disease Patients (CKD). He is also the COO of IGH Naturals. Previously, as founding CTO, Rich led the team that developed the CordicoShield / CordicoFire Wellness App. Cordico was honored with the Sacramento Innovation Award in 2021. After achieving a 7 digit ARR, Cordico was acquired by Lexipol in 2020. Rich has a BS in Industrial Engineering from the University of Washington, an MPA from Troy State University and was an officer in the U.S. Navy.

Rich co-authored his book, "Tap into the Mobile Economy." Rich's blog was listed in Top 20 Marketing Mobile Blogs of 2014. He has been featured on KCRA3, NEWS10, 1170 Tech AM PowerDrive, Business Radio Money 105.5, SiliconIndia, the Sacramento Business Journal, and the Sacramento Bee. Rich is also the Founding Director of the Sacramento Chapter of Startup Grind and served a term as Utility Commissioner for the City of Folsom. Rich is a regular contributor to TechWire.net and StartupSac.com. Rich was the Co-founder of Apptology which was named Small Business of the Year in 2014 by the Sacramento Asian Pacific Chamber.

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