Saturday, September 11, 2004
Ohio State University is making an investment commitment to launch a new venture capital firm. The seed fund, Oval Ventures LLC, is targeting a first round of $15 million.
OSU has committed an investment of 10 percent of the fund, up to $1.5 million. If the fund managers begin making investments with less than $15 million, OSU's portion will be less. None of the money, including OSU's, will come into the fund until the fund closes. The managers hope to close the fund by the end of the year. Read more.
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
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Ohio State makes venture investment
