Akron’s capital idea: More seed money now will grow more jobs later
Akron hopes to lure another group of biomedical and technology-related companies to the city with $1.75 million in new private equity funds. Akron BioInvestments Fund I, established in 2012, helped build 13 businesses and products that concentrate on everything from surgical glue and image-guided surgery to online therapy for children with special needs and DNA […]
CincyTech predicts 600 new jobs with $30M fund
CincyTech has formed its fourth and largest fund to date, one that will provide about $30.75 million to invest in as many as 25 homegrown startups in the digital and life sciences fields. The Cincinnati-based accelerator projects the CincyTech Fund IV LLC will create at least 600 jobs in Southwest Ohio over the next five years. New hires would earn on average about $80,000 […]