CONNECT has released its 2016 Springboard Impact Report, reporting on the health and growth of Springboard companies from 2005 through 2016.
In 2017 CONNECT reached out to all the alumni of the Springboard program from 2005 to 2016 and the Venture Roundtable Winners from 2006 to 2012 to follow-up on their progress. Sixty-two companies responded to the survey. Their responses have been aggregated and presented in the report. In addition, data on investment capital raised, grant funding secured, and job creation was gathered from M&A, private equity, venture capital, and federal grant databases.
We are pleased to share exciting data from CONNECT Springboard companies, highlighting the importance of this program to San Diego’s innovation economy. In the years surveyed, Springboard companies have raised $1.6 billion, created 6,000 jobs, and 20% have undergone liquidity events. As of December 2016, more than 250 Springboard companies were still actively in operation.
“Thanks to the generous support from our membership community and 170 strong mentor team, CONNECT’s Springboard program is San Diego’s leading start-up accelerator program," stated Greg McKee, President and CEO of CONNECT. “Working across 33 distinct industry sectors from application software, e-commerce, artificial intelligence, medical devices, pharmaceuticals and digital health, to name a few, CONNECT engages with and catalyzes the development of the broadest set and highest caliber early stage companies, in San Diego.”
Click here to read the full report!