New Austin firm targets foreign companies operating in the U.S.

Oct 1, 2014
Austin Business Journal

A group of Austinites have established a consulting firm designed to assist foreign companies looking to operate in the United States

International Accelerator Inc., which launched in May, reported Monday raising $379,000 of a planned $800,000 financing. The firm collected the capital from four investors, according to a filing with the U.S. Securities and Exchange Commission

The firm “provides an efficient pathway to bring highly valued international businesses to the U.S., matching them with capital, proven business leaders, top-tier professional services, and residency support,” according to the International Accelerator website

It's unclear what the firm plans to do with the investment capital or who invested in the firm. CEO Dean Kakridas couldn’t immediately be reached for comment

He was previously founder and chief playmaker for Nineteen Innovation LLC, an Austin-based business development firm. Before that, he was an executive of emergency shelter maker Reaction Systems Inc. and director of business development for Austin-based Frog Design Inc., according to his online profile

Austin economist Angelos Angelou is listed as a director of International Accelerator. Angelou is founder and principal executive of AngelouEconomics, and former vice president of economic development for the Austin Chamber of Commerce

Last year, he was among six people appointed by Gov. Rick Perry to the oversight committee of the controversial Cancer Prevention and Research Institute of Texas

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