Capital Factory is the center of gravity for entrepreneurs in Texas, the number one startup state in the U.S. Last year more than 100,000 entrepreneurs, programmers and designers gathered day and night, in-person and online for meetups, classes and coworking. We meet the best entrepreneurs in Texas and introduce them to their first investors, employees, mentors and customers.
Austin, Texas, is one of the fastest growing cities in the nation. With more and more people moving here everyday, Austin needs to reinvent itself as a smart city. Capital Factory, the Center of Gravity for Entrepreneurs in Austin, has banded together with Austin Tech Alliance to give one startup from in or around Austin a $100,000 investment to try and change their city for the better.
We want to transform Austin into a smart city and we’re fortunate to have such an incredible partner to work with on this initiative. Austin Tech Alliance is a nonpartisan, member-based nonprofit with a mission to promote civic engagement in Austin’s tech sector. Part of their focus includes advocacy promoting the use of use tech as a tool to help solve civic challenges. This leads ATA to work with internal and external partners to develop, test, organize, and encourage innovative projects with the goal of fostering a culture of innovation within and around the City of Austin.
“As the Council Member who sponsored Austin’s first Smart City Strategic Roadmap, I’m very excited to help launch this Smart Cities Challenge,” said Austin City Council Member Ann Kitchen. “This provides a real opportunity for innovative startups to learn more about Austin and show the community how technology can make our city better for all residents.”
“Startups are often hungry to work on civic challenges facing Austin, but there’s no easy means for them to get plugged in with community leaders,” said David Edmonson, executive director of Austin Tech Alliance. “That’s why ATA is thrilled to partner with Capital Factory to build that bridge for startups through the Smart Cities Challenge.”
“$100,000 isn’t all of the money you’ll ever need, but it’s enough for a scrappy team to focus full-time on building a minimum viable product and finding product market fit for about a year. We give you free rent, free hosting, a lot of other free stuff to make that $100,000 last as long as possible,” said Joshua Baer, founder and CEO of Capital Factory.
Who Can Apply?
Any tech or consumer startup focused on creating a smart city in the area can apply on AngelList to pitch at our Funding Day on July 27th.
What does Funding Day look like?
If selected, you’ll be one of 5 teams to pitch your startup to a panel of expert judges on July 27th. One company will walk away with $100,000.
So what will it take to win?
We are looking for tech or consumer companies striving to innovate their city and improve the quality of life for its citizens. What we really want to see is how your company will change your city and eventually the world, that you truly believe in what you are doing and can demonstrate your resourcefulness and ability to learn from your mistakes.
The best team that pitches at Funding Day will receive:
- $100,000 cash investment
- Special access to an A-List of Texas’ top entrepreneurs who add value far beyond the money you received
- 6 months unlimited co-working at Capital Factory
- Access to the Capital Factory Mentor network
- Company formation by startup law firm Kastner & Gravelle
- Hundreds of thousands of dollars in free hosting credits from Amazon Web Services, Google Cloud, IBM Softlayer, Microsoft & Rackspace plus many other cloud services.