The San Diego Venture Group is putting on an event to showcase the 170-plus companies that applied this year for its Cool Company program on May 23 at the Alexandria at Torrey Pines.

Typically, the companies that apply are reviewed by the SDVG’s selection committee, which determines ones to highlight on its annual Cool Companies list. Those that are selected will be invited to a meet-and-greet with investors in June, get booth space at the SDVG’s Venture Summit event in August and other perks.

Companies are selected based on their potential as industry disrupters and on their readiness for venture capital investment.

This year, all of the applicants have been invited to mix with community members at an event slated for 4-7 p.m. at Farmer & the Seahorse, a restaurant at the Alexandria.

The cost per Cool Company applicant is $20; registration for attendees starts at $30. To get a ticket, visit sdvg.org/event.

Reach reporter Sarah de Crescenzo at sarahd@sdbj.com.