During the 4th Annual Women In Tech Summit, Capital Factory Texas Fund will officially announce the next $100,000 Investment Challenge. In partnership with Beam Angel Network, Seven Seven Six Fund, and Golden Seeds (Houston), the challenge targets startups and female entrepreneurs to encourage diversity in the tech field.
Based in Texas, Capital Factory is a center for startups and female entrepreneurs. Thousands of tech professionals gravitate around the Factory, attending online and physical meetups, classes and sharing the coworking space. With locations spread across Austin, Dallas, Houston, and San Antonio, the Factory facilitates the network between investors and entrepreneurs.
In the previous challenges, different startups had the chance to realize their projects. For example, Houston Syzygy Plasmonics raised a $5.8 million Series A round to develop a green power source from hydrogen fuel cells. Secondly, Austin’s Journey Foods created an AI for sustainability recipes and food manufacturers. Finally, San Antonio’s Easy Expunctions raised $1.6 million to develop software to clean up criminal records by automating the execution process.
New Round Of Funds For Startups and Female Entrepreneurs
Capital Factory announced a new $100.000 Investment Challenge for startups and remote entrepreneurs. This year’s challenge targets any Texan tech startup with a female founder or co-founder.
On October 4th, five finalists will pitch their project to a committee of investors, entrepreneurs, and industry leaders. After that, the winner will walk away with a $100,000 cash investment and access to Capital Factory’s activities.
The award for finalists includes:
- Fast track into the Capital Factory portfolio with the opportunity of networking with potential investors, customers, and employees.
- Access to the Capital Factory Mentor network
- Up to $250,000 in potential total hosting credits from AWS, Google Cloud, Microsoft Azure, and other major hosting providers
- 6 months free Capital Factory coworking membership for the whole team
Finally, Capital Factory will get a 1% joint-stock grant as advisor equity. In addition, the center takes the right to invest up to $250,000 in the next round of funding of the winner.
The deadline for the application is September 12th.
To submit your application, look here.