In a recent interview with Monica Malpass from NASDAQ, Octane’s CEO, Bill Carpou, shared some of the newest initiatives the organization is driving that are creating significant movement in Orange County, CA. First, he shares the launch of Healthsocal.ai - a data-driven approach to creating a healthy population for generations to come. “Octane will take a leadership role in creating a data hub for collecting data and utilizing it to manage people’s healthcare,” shares Bill. This initiative aims to prove an accessible solution, backed by real-time data, that will increase the access to healthcare for vulnerable communities across the region.
Continuing on the theme of data, Bill went on to highlight the first-ever product from Octane - Haystax. The SaaS and web-based app was developed on years of data from Octane’s LaunchPad SBDC Accelerator and connects accelerators, startups, and strategic investors to a one-stop software platform that not only facilitates pitches, but helps to rate them with predictive analytics driven by proven data and then initiates targeted connections between startups and investors. Haystax will be an important step during the diligence process and will be introduced in the near future, Octane is excited to bring the success of their LaunchPad SBDC Accelerator to a wider audience.
To wrap up the interview, Bill ties all of these initiatives together with the Octane Impact Fund - a capital campaign celebrating Octane’s 20th anniversary with the goal of creating generational impact within Orange County. Kicking off officially at the High Tech Awards (presented by Octane) in September, the impact fund allows donors and supporters to have a direct hand in creating an additional economic impact with a $253M increase in payroll tax revenue from direct & indirect job creation, plus a $369.6M fiscal impact in 10 years. “That’s really what we are all about - creating great content and great impact for the community and the entrepreneurs we support,” says Bill. With over 1,400 companies assisted over the past 20 years, the future is bright.
Healthsocal.AI - Our vision is to create a healthier future through collective community impact and Health AI innovation and reverse troubling trends in life expectancy, chronic illness disease burden, and mental health (especially in the pandemic era). We believe we have the ecosystem power and collective resources to transform the trajectory of healthcare innovation in equitable healthcare, precision medicine, and population health through a Super Hub of AI innovation. Learn more.
Haystax - Haystax is a decision intelligence SaaS that can predict a startup’s probability of receiving funding. It was created because we found that investors and accelerators are starving for a data-driven approach to evaluating startups. Learn more.