One Spark Grows to $3.25 Million in Private Investment Opportunities
As if One Spark didn’t impress Jacksonville enough last year, the downtown event is bringing even more to the table for this year’s event. The world’s foremost crowdfunding festival, which returns April 9, just announced that a number of private venture capital firms and partners have joined forces with Jacksonville Jaguars owner, Shad Khan, to increase potential investment funding to $3.25 million for One Spark creators.
During 2013’s inaugural One Spark festival, Khan pledged $1 million and converted his pledge into over $1 million of actual investment in six qualified creator projects through his STACHE Investments Corp. Khan is repeating his pledge this year to make a similar investment in qualified companies and people who exemplify entrepreneurial spirit, big ideas and commitment to base their business in Jacksonville.
“One Spark has my support again this year because it showcases Jacksonville, particularly downtown, and everything we have here to offer an entrepreneur,” Khan said. “We will definitely show a preference to qualified creators who have a quality idea that perhaps needs financial support to become reality, and then would be willing to do business here in Jax. I wish the participants good luck.”
This year, Khan is joining forces with Arsenal Venture Partners, Florida Blue, Healthbox, PS27 Ventures, UE Investors to offer up to $3.25 million in combined potential investment opportunities for projects they could independently select at One Spark 2014. This year’s One Spark also offers participating projects access to private individual contributions from the public and $310,000 in guaranteed crowd-funds and awards, increased from its first year’s $250,000 crowd-fund pool.
“Our partnership with Arsenal Venture Partners, Palm Ventures, Florida Blue, Healthbox, PS27 Ventures, UE Investors and STACHE Investments Corp. continues to elevate the level of funding opportunities on the table for One Spark 2014 creators,” said Elton Rivas, One Spark co-founder. “Connecting great ideas to investment dollars is a critical component of a successful event. The caliber of capital partners who will be at One Spark 2014 looking for the next big thing is truly remarkable.”
The creator’s registration deadline has been extended to Feb. 21, to give interested creators the opportunity to register and apply for the additional potential capital investment. Details to register can be found here.