USTAR input on small business financing at upcoming Dixie Techs meeting

ST. GEORGE – Two forms of alternative business financing, grants and angel financing, will be the focus of the September presentation of the Dixie Technical Association. The meeting will be held this Friday at noon in the Taylor Health Sciences Building, Room 156, on the Dixie State University campus.

Dixie Techs chair Josh Aikens said that most startup, pre-revenue ventures are not able to get bank financing due to the high risks associated with them. Seeking alternative financing might be an option for some.

Mary Cardon from USTAR‘s SMALL Business Innovative Research office will explain how projects with unique technologies might obtain grants sponsored by the Small Business Administration. Several Southern Utah companies have obtained such grants, and Cardon and her office have recently assisted Utah companies obtain over $6 million in small business financing.

Adam Snow, principal of Vision Venture Capital, will describe what angel investors are looking for when they fund a project. Besides being a principal in his own investment firm, Snow recently founded a new startup of his own, Sport Stocks, a web and mobile-based game. Snow has been successful in obtaining angel money for Sport Stocks as well as other Southern Utah projects, and also screened many that have been unable to find financing.

Those interested in developing their technical and entrepreneurial knowledge and networks are invited to the meeting. Admission is free, but attendees should RSVP to jgoodspeed@dixie.edu.

Submitted by: Dixie Technical Association
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