ITEN has interacted with a total of 150 IT ventures active in our region since the inception of ITEN. 110 IT ventures are registered on the ITEN site and are receiving focused mentoring and other support from ITEN. 75 Mentors are engaged and accessible to start-ups through the website, and investors interested in deals emerging from ITEN are able to connect with companies of interest to them.
Five companies have graduated from ITEN's Mock Angel Training Program, four of whom have received outside funding. Quite a few others are making their way through Mock Angel Training. Graduation from the Training means it is the opinion of the ITEN Mock Angel Mentors that the company has addressed all the big questions and have thought through their business well enough to ask for outside investor funding. They have presented their value proposition effectively and have addressed issues raised in a convincing manner. The consensus among the ITEN mentors is that these companies are adequately prepared to present their companies effectively to prospective investors.
Other ITEN companies are finding success without recourse to outside funding, by developing revenues that support the expansion of the business.
Since our inception in April, 2008, we have seen a steady stream of new start-ups finding their way to ITEN. It seems that six to ten new companies join the network each month, and there seems to be no tailing off of that rate. It's ITEN's challenge to help companies come as quickly as possible to the determination of whether they will succeed or not, and if the answer is "yes," to provide as much of the support they need as possible.
Please join the Network by registering on this site and participate in our events and programs as much as you are able.
