HP Teams with Angel Capital Association to Support Startup

HP today announced an agreement with the Angel Capital Association, the trade association of leading angel investment groups in North America, to provide its members and their 5,000 portfolio companies access to business opportunities, developer programs and discounts on HP products.

The momentum of the Startup America initiative

"This agreement continues the momentum of the Startup America initiative, expanding the support and education that HP provides to the startup ecosystem," said Stephen DeWitt, senior vice president and general manager, Personal Systems Group, HP. "The research and economic opportunities made possible by the ACA's business visionaries and the 800 new companies they fund every year are concrete steps to ensure startup ecosystem success."

HP and the ACA will present the inaugural HP Startup Central Award to the top ACA member-funded company that shifts the market the most. The winner will be announced April 5 at the 2011 ACA Summit, the association's annual conference that attracts more than 400 angel investors from around the world. The winner will receive an HP innovation makeover, and its chief executive officer and nominating investor will have an possibility to speak at the ACA Summit.

"This relationship will expose our member angel groups and especially the innovative companies they support to great ideas, business opportunities, market development and products from the information innovation leader," said Marianne Hudson, executive director, ACA. "With this alliance, HP, investors and top entrepreneurial companies will have a better chance to build the future at the same time."

The Angel Capital Association is the trade association of leading angel investment groups in North America. The mission of ACA is to support the growth, financial stability, and investments success of its member groups. ACA's mission is accomplished by providing professional development, best practices, networking and collaboration opportunities for angel investors who belong to member angel groups. Today 160 angel groups are members of ACA, and those groups represent over 7,000 accredited angel investors. More information is available at www.angelcapitalassociation.org.