Startup Tucson to Announce Partnership with Wasabi Ventures at June Startup Drinks; Partnership Includes ‘The Wasabi Prize’ of Seed Investment and Support for Team in Thryve Incubator
Tucson, AZ, June 1, 2015 – Things just got very exciting for Tucson’s startup scene and the twenty teams admitted in Startup Tucson’s Thryve Incubator program. Wasabi Ventures, with offices in Silicon Valley, New England, Baltimore and now Arizona has partnered with Startup Tucson to expand the resources available to Tucson’s startup community by providing education, mentoring, and support for Tucson startups.
The new partnership includes ‘The Wasabi Prize’ to be awarded to one startup during Thryve’s Summer Demo Day. The prize is a co-founder investment package including seed capital and a range of services, plus the strategic guidance and mentorship of Wasabi’s partners. Additionally, the partnership incorporates modules of the Wasabi Ventures Academy program into the Startup Tucson’s Thryve Incubator program.
Startup Tucson’s Thryve Incubator puts startup teams through a 12-week intensive program that helps them prepare their business for launch, growth and seeking investment capital. Incubator teams operate in two principal areas of focus: technology and social impact. Wasabi Ventures partners have funded companies as early as the idea stage and have even served as technical co-founders with entrepreneurs who have the idea and drive to launch but lack technical expertise.
Startup Drinks Welcomes Wasabi Ventures
The public is invited to join Startup Tucson and Wasabi Ventures as they celebrate their new partnership at a special Startup Drinks event on Wednesday June 3rd. Attendees can register for free tickets online at www.startuptucson.com/events. Startup Drinks is a free monthly networking event that connects the growing entrepreneur community in Tucson. The event begins at 5:30 PM at Ermanos on 4th Ave with the announcement and remarks beginning at 6:00 PM followed by a round of “Startup Standup”, Tucson’s founders grab the mic to make their one minute elevator pitch.
About Wasabi Ventures
Wasabi Ventures is a venture capital, incubator, and consulting firm that specializes in building and advising early stage technology companies. In the last 10 years, Wasabi Ventures has built, financed, and advised over 200 start-ups including some wildly successful ventures like Right Now Technologies, PBworks, Ustream, and Etherpad. The firm’s business model excels at getting involved very early in the process, often at the idea stage, by participating as co-founders alongside founding team members who have the idea and drive to launch a startup but may lack technical or business expertise.
About Startup Tucson & Thryve
Founded in 2011, Startup Tucson is a 501 (c) (3) non-profit working to transforming Southern Arizona’s economy through innovation and entrepreneurship. Startup Tucson delivers programs to support the launch of and growth of high-impact businesses. Startup Tucson operates Thryve, a venture development program providing entrepreneurs with the resources to turn their ideas into scalable, job creating ventures. Thryve Next is a growth acceleration program to support “Second Stage” companies through a 5-year, $1.44 million contract from the US Small Business Administration. Champions for Startup Tucson’s work include the City of Tucson, the Diane and Bruce Halle Foundation, Holualoa Properties, the U.S. Small Business Administration and the Desert Angels. Visit www.startuptucson.org for more information.