On this episode of The Founder's Sandbox, Brenda speaks with Salvador Badillo Rios. Salvador is Founder and CEO of EquiTech Innovate, a strategic consulting and advisory firm aimed at helping underserved and overlooked founders bring innovative and disruptive technologies to market. He is also Senior Associate and Portfolio Manager at National Security Innovation Capital (NSIC), a component of the Defense Innovation Unit (DIU), aimed at accelerating early-stage dual-use deep tech startups toward commercialization At DIU and NSIC, Salvador supported 21 early-stage dual-use hardware startups across 12 states with ~$50M over three years leading to over $335M in total follow-on private capital (up to 20X funded amount at up to 11X prior to funding valuation). They speak about Sal’s origin story; how despite being from a disadvantaged background, this has not deterred his purposefulness and positivity to make a difference particularly in underrepresented communities. Listen as Sal shares how he eventually settled on an engineering degree after choosing over music and English literature. What he does today as a senior portfolio manager in the DIU defense innovation unit’s National security innovation capital is a long way from Rancho Cucamonga. You can find out more about Sal at: Linked IN: https://www.linkedin.com/in/salvador-badillo-rios https://equitechinnovate.com/ Transcript: 00:04 Hi, I'm pleased to announce something very special to me, a new subscription-based service through Next Act Advisors that allows members exclusive access to personal industry insights and bespoke 00:32 corporate governance knowledge. This comes in the form of blogs, personal book recommendations, and early access to the founder's sandbox podcast episodes before they released to the public. If you want more white glove information on building your startup with information like what was in today's episode, sign up with the link in the show notes to enjoy being a special member of Next Act Advisors. 01:01 As a thank you to Founders Sandbox listeners, you can use code SANDBOX25 at checkout to enjoy 25% off your membership costs. Thank you. 01:19 Welcome back to the Founders Sandbox. I am Brenda McCabe, your host to this monthly podcast that reaches entrepreneurs and business owners who learn about building resilient, purpose-driven and scalable businesses with great corporate governance. Guests to this podcast are founders themselves, professional service providers, corporate board directors and investors. 01:47 who like me want to use the power of the enterprise, be it small, medium, and large, to create change for a better world. And I do storytelling with each one of my guests that starts with their origin story. And then we'll get into the contents of the podcast with each of my guests, and we touch upon topics around resilience, scalability, and purpose-driven. 02:15 initiatives or what drives the guest. So thank you for joining me. And I am absolutely delighted this month to have Salvador Badillo Rios, Sal, as my guest. So thank you for joining me, Sal. Thank you, Brenda. I'm very excited to be here. Excellent. So we met not too long ago. I am a member of Angel Capital Association and attended their national 02:44 Summit in Columbus, Ohio. And I'm from Columbus, Ohio. So I kind of killed two birds with one stone. And I was blown away. So I've been a member for three years. And this year they had for the first time a breakout session on deep tech and dual technologies. And Sal, you were one of the panel members. And I myself 03:11 love to work with deep tech companies. So we had a lot of synchronicities. And that's when I asked you to join me eventually here in the podcast. Yeah, yeah, no. Yeah, that's where we met. And I think it was an amazing opportunity to really connect with the angel community. I think oftentimes, you know, there's a lot of focus on VCs, but angels really drive that early start to these companies and to these technologies. And so 03:37 I wanted to make an effort to reach out to the angel community, educate, inform, you know, angels about deep tech and a lot of the DOD opportunities that there are for startups and potential collaborations and synergies. So yeah, I'm happy to have met you. So we're going to touch on a couple of those points because you do have a multifaceted career and background and diverse founder yourself of your own. 04:05 strategic consulting and advisory firm. So you are founder and CEO of Equitech Innovate. And it's really working towards serving underserved and overlooked founders that bring innovative and disruptive technologies to market. So kudos to you. That's amazing. Thank you. Thank you, yeah. And another hat you wear, and I don't know where you find the time in the day. Frankly. 04:33 And this was your speaking capacity when I met you earlier this year, your senior associate and portfolio manager at the national security innovation capital, a component ...
