Plug and Play Admits 8 San Diego Companies to Startup Camp

Eight seed-stage tech companies were selected late yesterday to be the first class of startups from San Diego to be admitted to the 10-week business technology accelerator program established by Silicon Valley’s Plug and Play Tech Center.

Every company admitted to the Plug and Play Startup Camp is eligible to get a $25,000 investment as part of the initiative, which was organized late last year by San Diego’s StartupCircle and Alex Roudi, a San Diego real estate investor.

The Plug and Play Tech Center, which Xconomy’s Wade Roush profiled in December, has been considering an expansion in San Diego for several years. Saeed Amidi, the founder and CEO, says he came close to acquiring a building here several years ago to serve as a tech incubator for Southern California. More recently, though, Plug and Play has simply expanded its recruiting efforts beyond Northern California, offering startup capital, business mentoring, and exposure to Silicon Valley VCs to startups willing to participate in its program. Amidi told me yesterday he had recently returned from a recruiting trip that included Berlin and Switzerland.

The inaugural San Diego Startup Camp will begin with once-a-week business mentoring sessions in San Diego, followed by a 10-week program at the Plug and Play headquarters in Sunnyvale, CA. The camp culminates with a “Demo Day” that enables startups enrolled in the program to pitch their businesses to scores of venture capitalists.

More than 70 companies applied for the program, and 16 finalists were selected to make 3-minute presentations yesterday, according to Startup Circle’s Gabriela Dow. She confided that organizers were unsure whether any San Diego companies would be … Next Page »

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Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

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3 responses to “Plug and Play Admits 8 San Diego Companies to Startup Camp”

  1. This is a huge milestone for the San Diego startup community.

    Unlike our typical pitch events with a “top 3 winners” structure, the Silicon Valley VCs could have rejected all companies, at the same time that they would also fund as many as they felt would deliver a return. It was scary to think of the possibility that not a single San Diego startup would be selected, but we could not have imagined that 50% of the startups pitching would all be funded! That is a $200,000 investment in local startups that will now go to Silicon Valley to pitch for millions and return to San Diego to create jobs.

    All 16 that pitched are really an amazing group of startups and it feels great to have leading global investors like Saeed and Alireza validate that what we see every day at StartupCircle is among the best entrepreneur talent the world has to offer.

    The startups also very much appreciated that these moguls spent time with our community. Gregg Anderson, founder of Jobioz who also pitched, summed it up well in an email to me this morning: “Getting to pitch in front of the first investors in Google was amazing — it was like pitching in front of the Godfather of the startup world!”

    There is much more exciting growth to come for our startup community, this is all very exciting :)

  2. Daniel Wolf says:

    Way to go, guys. This was a great initial showing for San Diego and these startups. Not to mention, of course, you for having pulled off the event.

  3. Steven Cox says:

    Excellent. Awesome group of companies – excited to see them explode!