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哥伦布、匹兹堡及各地消息
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Ohio Launches Venture Capital Programs
for Tech-Based Companies
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(COLUMBUS, Ohio)—
Ohio Governor Mike DeWine, Lt. Governor Jon Husted, and Ohio
Department of Development Director Lydia Mihalik announced the
availability of approximately $111 million to support Ohio
tech-based companies.
Two new funds - the Ohio Early Stage Focus Fund and Ohio Venture Fund -
will help increase the amount of early-stage capital invested in
Ohio technology-based companies, accelerate the growth of
high-potential companies, and create a climate that supports the
development, retention, and attraction of technology companies in
Ohio.
“These programs will address gaps in early-stage capital as companies
mature and new startups emerge, as well as for underserved
communities that face barriers to accessing capital,” said Governor
DeWine. “By increasing access to funds, we are ensuring that
technology companies have the support they need to thrive in the
heart of innovation.”
Ohio Early Stage Focus Fund will provide capital to professionally
managed investment funds to support early-stage technology companies
that are woman- or minority-owned or based in an area that has been
underserved by venture capital. Organizations and private investment
firms are eligible to apply for $1 million - $5 million of the more
than $36 million available. More information can be found at
development.ohio.gov/EarlyStageFocusFund.
Ohio Venture Fund will provide investment capital to professionally
managed investment funds to support Ohio technology companies with
early-stage capital through Series A. Organizations and private
investment firms are eligible to apply for $5 million - $10 million
of the $75 million available. More information can be found at
development.ohio.gov/VentureFund.
"Venture capital isn't just an investment; it's a catalyst for innovation
and a testament to the power of bold ideas here in Ohio,” said Lt.
Governor Jon Husted. “Venture capital fuels the dreams that redefine
industries, empowering pioneers to shape the future we envision
today. This will help pave the way for sustained technological
advancement and further reinforce Ohio's position as the silicon
heartland.”
The new programs are part of the State Small Business Credit Initiative (SSBCI)
Venture Capital Program. The Ohio Department of Development began
accepting proposals for funds last week.
“In Ohio, we’re supporting our homegrown talent and investing in the next
generation of industry leaders,” said Director Mihalik. “Through
Ohio’s Venture Capital Programs, we’re creating an opportunity and
fostering an environment where startups can thrive and create
lasting impact for Ohio's people, businesses, and communities.”
Both programs are competitive, and proposals will be scored based on
responsiveness to requirements of the RFP. Letters of intent are due
by 2 p.m., Sept. 21 and final proposals must be submitted by 2 p.m.,
Oct. 19.
More information on the program can be found at development.ohio.gov/ssbci.
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