Filed under: Raising money
Attention venture capital firms, Ohio would like to invest in YOU! A few years ago, the Buckeye state created a $150 million fund-of-funds to invest in venture firms who would attempt to invest half of the money Ohio put in their funds in the state.
Now the northeastern portion of the say containing Cleveland and Akron is piggybacking on that idea by creating a $50 million fund-of-funds to encourage investment in that region. The NEO Venture Capital Fund will be managed by Buckeye Venture Partners. Ray Leach, CEO of JumpStart Inc., an Ohio business incubator and seed investor, states five or six venture firms have already expressed an interest in participating in the program.
Continue reading about this new fund at TechConfidential.com.
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