Venture capital fund aims to spur Central Coast tech

A new Central Coast tech venture capital fund will give entrepreneurs in the Highway 101 corridor another avenue for funding.
Santa Barbara Technology Ventures seeks to invest primarily in tech startups by having a close affiliation with companies coming out of UC Santa Barbara and Cal Poly San Luis Obispo, according to a Sept. 1 fund summary obtained by the Business Times.
Managers of the fund said in the document that the region is underserved and that no venture capital funds exist in the region specifically to fund early-stage tech companies.
“While the Santa Barbara region has a wealth of engineering and technology (and) innovation resources, experienced early-stage company leadership has historically been scarce,” the document said.
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