OCTANe launches business growth services

Aliso Viejo, Calif.-based medtech business accelerator OCTANe said yesterday it launched OCTANe Growth Services, a new business accelerator program that aims to aid its members and partners in growing their companies.

The new service looks to provide resources for companies in the region that are looking to grow, and will serve as an additional resource for companies completing the LaunchPad accelerator process with OCTANe.

“OCTANe Growth Services is a natural extension of the services we currently provide through our LaunchPad program. It will enable companies who have graduated from the program, as well as other middle market organizations, to connect to the resources, advisors and potential capital they need to accelerate their growth and expand their operations. In some cases, it will also assist them in having a successful liquidity event. Our goal is to provide added value to all of our stakeholders including entrepreneurs, strategic partners and advisors who have a vested interest in expanding and developing this dynamic and innovative ecosystem,” OCTANe CEO Bill Carpou said in a press release.

The new services will supply business with more resources, intelligence, capital and “better deal flow,” according to OCTANe.

“As a former LaunchPad company, I am glad to see OCTANe will provide this critical service for companies which will have a lasting impact on our community. There is exceptional talent and innovation happening in Orange County, and growing a business here has been advantageous,” Mavenlink co-founder & CEO Ray Grainger said in prepared remarks.

OCTANe touted the newly launched service, claiming that there are “no services like this available within the Southern California region.” Services will include exclusive access to advisory services in 20 areas and face-to-face support and integration with investors and executives.

“We are excited about OCTANe Growth Services and the opportunity in the technology ecosystem. When we first heard about this earlier in the year it was a concept, now it is a defined strategy that will benefit the greater OC marketplace, established companies and local economy going forward,” RSM managing partner Bob Jacobson said in a prepared statement.

“This is a natural next step in our relationship with OCTANe. As a long-time sponsor of the organization, having the ability to showcase our thought leadership to a larger group of OCTANe members and entrepreneurs is invaluable. We look forward to contributing to the success of Growth Services as we believe it will provide the right platform for Orange County innovation to thrive and for the greater business community to prosper,” Stradling corporate dept. co-chair Mark Skaist said in a prepared release.

In September, OCTANe announced plans to merge with Mission Viejo, Calif.-based Orange County Technology Alliance, with both groups keeping the OCTANe name, effective Dec. 31.

Through the deal, local technology firms will gain access to OCTANe’s network of investors and advisors and other services, while OCTANe will gain access to more established companies, according to Carpou.

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