Alliance For SoCal Innovation Aims To Connect Startups, Venture Capital

The Alliance for Southern California Innovation said on Thursday that it is launching a new program, the SoCal Venture Pipeline. According to the company, the new program will provide companies that have demonstrated clear market traction and provides targeted introductions to venture funds. The program is being funded by Silicon Valley Bank, with additional program support from Wilson Sonsini Goodrich & Rosati and KPPB, LP. The Alliance said the program came about, because SoCal founders continue to struggle to raise growth capital despite "a wealth of talent and potential". The group said the program will help more startups in Southern California will be able to break through the Series-A funding barrier and create economic opportunities for their communities, including more high-paying jobs and talent attraction and retention.