The Angel Capital Association says it is supporting the Dell Innovators Credit Fund, a first-of-its kind financing initiative that provides entrepreneurs up to $100 million in the financial and scalable technology resources they need to maximize potential for innovation, speed to market and job creation.
The Angel Capital Association will promote the program to startups that are funded by ACA member angel groups.
“To build scalable, high-return startups, entrepreneurs need access to early stage capital and great resources,” says Marianne Hudson, Executive Director of ACA.
“Through the launch of the Dell Innovators Credit Fund, Dell is helping promising entrepreneurs obtain the technology solutions they need to grow and get to market faster. We’re excited to offer the Dell program to the portfolio companies of our member investors.”
The Dell Innovators Credit Fund aims to get end-to-end, scalable technology solutions in the hands of growing businesses during that crucial early time in market.
Up to $15oK each available
Through Dell Financial Services, qualified angel and venture-backed companies can access up to 10 percent of their funded amount, or up to $150,000, with accelerated, limited credit terms .
“Dell is committed to fueling the growth of entrepreneurs and the jobs they create,” said Ingrid Vanderveldt, Dell’s first Entrepreneur in Residence.
“The Angel Capital Association understands the importance of helping innovative startups thrive by eliminating access to capital and technology barriers.”
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