HuStream Secures $125K in Growth Capital from Community Futures

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September 11, 2013

HuStream today announces that they have secured $125K in growth capital from Community Futures.  The company is preparing to expand operations and establish their presence as the dominant market leaders for Interactive Video.

”We have a fairly aggressive growth strategy planned for the next 12 months,” says Peter Matejcek, Co-Founder & CEO for HuStream. “This funding is an essential piece to ensure we hire the right people to hit our goals.” HuStream plans growth in two key areas – Sales and Marketing – with strategies for both departments aimed at pure revenue generation and accelerating HuStream’s industry presence.  “The market for our innovative Interactive Video product has firmed up, and with 90+ clients and 5 years of operations under our belt we have the opportunity to be the dominant player in our industry.” adds Matejcek.

In July of 2013, the Loan and Investment Review Committee for Community Futures voted unanimously in support of the funding.  “HuStream has smartly positioned itself for substantial growth.” Says Scott Carlson, Business Analyst for Community Futures.  “Its contagiously passionate management team impressed us with their thoughtful business strategy and eye for detail.  It was an easy decision for us to assist with financing to help accelerate their growth.”

About HuStream
Founded in 2008, HuStream is a pioneer in the creation of innovative Interactive Videos and have worked with world-class organizations that include Microsoft, Intel, Lenovo, Sage, as well as local companies Tourism Kelowna, RDCO, and Accelerate Okanagan.
http://www.hustream.com/.

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About Community Futures Development Corporation
The Community Futures Development Corporation of the Central Okanagan is a community based organization funded primarily by Western Economic Diversification Canada. Programs are governed by a volunteer board of local business professionals and community leaders. Founded in 1990, the Central Okanagan office has made 837 loans for a total of over $19 million to help start or expand businesses in the Central Okanagan.

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$1,500 of Business Development Training for BC Small Businesses

The Chamber Learning Network (CLN), owned by the BC Chamber of Commerce, is a membership driven organization that represents the interests of private training providers across BC. Through membership in CLN, Community Futures Development Corporation of Central Okanagan can now offer up to $1,500 of business development training to small business owners in the Central Okanagan.

The Micro-Business Training Pilot Program (“MBT Program”) offers eligible, small business owners funded training programs in general business skills such as bookkeeping, marketing, social media, management and other areas with the goal of improving productivity, decreasing costs and generating new revenue.

Eligible micro-business owners receive up to $1500 of funding support for courses in a variety of formats (online, classroom and/or one-on-one) offered by training institutions across the province including universities, colleges, PCTIA accredited institutions and Private Trainers.

The MBT Program runs through March 31, 2014 with the last applications being accepted December 31, 2013 dependant on funding availability. The program targets a minimum of 1,200 participants and funding support is available to eligible applicants on a first come, first served basis.

This program is available to every eligible business owner across the province, and training options are available in every region, including online or elearning options.

Click www.bcmicrobusiness.com/programs to find out more information and to apply for funding.

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Youth Mean Business Finds Success

CHBC 5:30 News recently reported on the success of the Community Futures' Youth Mean Business Program and interviewed one of its first participants who launched their business after taking the program and receiving a $5,000 grant. click here to link to video
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Bill Morrison Recognized at Provincial CFDC Conference

Community Futures Central Okanagan is pleased to announce that Bill Morrision was awarded Volunteer of the Year at the 2012 Annual Provincial Community Futures Conference recently held in Nelson BC. Bill is a valued member of the Community Futures Central Okanagan Loan Review Committee since 2005 and joined the Board of Directors in 2009. Bill plays an active leadership and advisor role at the Community Futures of Central Okanagan and represents the organization at the Economic Development Commission of Central Okanagan.

Read more: Bill Morrison Recognized at Provincial CFDC Conference

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