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Applications and Nominations Now Being Accepted for the 2nd Annual Palmetto Venture Fellowship

Charlie Banks
Charlie Banks
Last updated: January 17, 2024
Venture south fallback

Venture Carolina Contact:  Charlie Banks | Charlie@VentureCarolina.org  

Columbia, S.C.Venture   Carolina, a nonprofit organization committed to connecting investors and entrepreneurs, has partnered once again with VentureSouth, one of the country’s largest early-stage investment organizations, and the South Carolina Department of Commerce to host the second annual Palmetto Venture Fellowship. This program aims to increase venture capital accessibility for South Carolina-based startups by educating and preparing local investors.

It will consist of a quarterly workshop series, diving deep into the intricacies of early-stage capital   formation.   The   program is open to current or aspiring investors looking to gain the necessary expertise to invest in early-stage companies. Topics such as term sheets, valuations, capitalization tables, board governance, exit strategies, and proper due diligence will be covered to equip attendees with the knowledge needed to be successful investors in early-stage companies.

“We are excited to continue our partnership with the South Carolina Department of Commerce’s innovation team and VentureSouth to host the second annual Palmetto Venture Fellowship," said Charlie Banks, Executive Director of Venture Carolina. "It is crucial for South Carolina to have a strong pool of educated investors to support the growth of our state's startup ecosystem. This fellowship program will provide the necessary tools and knowledge for individuals to become successful investors in early-stage companies."

South Carolina Deputy Secretary of Commerce, Ashely Teasdel commented, “Access to venture capital plays a key role in developing new technologies and cutting-edge products. The Palmetto Venture Fellowship is an incredible opportunity for investors and startups alike to discover that South Carolina has the resources and environment to propel innovative growth. We look forward to the impact of this program on our state’s growing entrepreneurial ecosystem.”

According to data from the National Science Board, in 2022, there was a 19% increase in the amount of venture capital dollars disbursed per $1,000 of South Carolina's gross domestic product. The Palmetto Venture Fellowship aims to continue this positive trend by providing the necessary resources to attract more venture capital investments to the state.

Applications and nominations are now being accepted on Venture Carolina’s website and will remain open until March 3. For more information about the fellowship, nomination, and application process, please visit www.venturecarolina.org/palmetto-venture-fellowship.

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About Venture Carolina Venture Carolina is a South Carolina based non-profit organization that uses comprehensive educational resources to teach entrepreneurs how best to position their companies for early stage funding, and to guide investors on how to make disciplined angel investment decisions. The result is an environment within the Southeast that. successfully bridges the critical funding gap that exists between entrepreneurs and investors. To learn more about Venture Carolina and our partners, please visit www.venturecarolina.org. About S.C. Department of Commerce As South Carolina's leading economic development agency, the Department of Commerce works to recruit new businesses and help existing business grow. S.C. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Samsung, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. S.C. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and with the S.C. Department of Employment and Workforce, which provides worker training and employment opportunities within the state. With a strong international footprint, the Palmetto State has consistently been among the top in the nation for attracting jobs through foreign direct investment on a per capita basis – recognized by multiple economic development publications for its pro-business climate. For more information, visit www.SCcommerce.com.