Santa Barbara Technology Incubator: What's New

Santa Barbara Technology Incubator Hosts B-Party of the Year

Santa Barbara Technology Incubator (SBTi), hosted a four hundred person Open House on Friday, June 30. The event was at their downtown Santa Barbara location on 320 Nopal Street. Attendees included leaders in the Santa Barbara venture, business, professional and charitable communities, as well as aspiring entrepreneurs, and local angel investors. The turnout was overwhelming even though the date proceeded a long holiday weekend.

Dennis Cagan & John Palminteri

“The Open House drew more attention than we even expected,” said Ron Macleod, SBTi Senior Vice President of Marketing and Business Development. “I think Santa Barbara has been waiting for someone to lead the way in offering a true high-technology business incubator. We are doing that, and the community response is outstanding.”

Dennis Cagan, Fred Gluck, Bill Levy & Joe Nida

The SBTi Open House served as a public announcement of their seed capital closure in April. SBTi closed one of the largest rounds of seed funding of any Santa Barbara start-up to date. The Open House is one in a series of programs that SBTi will host to bring the different players in entrepreneurship together on a regular basis.

Juliann Hinton & Dennis Cagan

“The Santa Barbara community has needed a clear access point for entrepreneurs to find capital and mentorship, for angels to see qualified deals and for the business community to get a pulse on the up and coming new ventures,” explains Macleod. “We offer all of the above.”

Jill Nida & Milt Honea

Noteworthy attendees included Clint Walker, Vice President of Corporate Development for Global Crossing; Fred Gluck, former Managing Director of McKinsey & Company and former Director of Bechtel Group; Tom Glieselmann, Partner at Bertelsmann Ventures; Ina McGuinness, Senior Vice President of Investor Relations at Ketchum; Bob Nourse, Founder of the Bombay Company plus many other successful entrepreneurs.

John Palminteri, Barbara Whatley, Ted Mahoney & Jason Spievak

About SBTi: Santa Barbara Technology Incubator is a preeminent environment for financing, launching and successfully propelling high-technology start-ups to tier one venture financing, with strategic investors, quickly and for the highest valuations. SBTI constitutes one of the most complete and all-encompassing incubator models by offering funding, and physical and operational infrastructure, with qualified hands on guidance. Companies coming out of SBTi will enter the venture capital market with fiscal business discipline, qualified management teams and prudent, cutting edge business models. With a team of experienced professionals, SBTi provides web development services, investor relations, public relations and marketing, strategic planning, executive recruitment, state-of-the-art incubation facilities, and professional and technical services.