Innovation Center of Funds

 

Do you have an Innovation Center? Yes

Is it a legal entity? No

If yes, then what is the name? ProMedica Innovations

Is it managed by Hospital or External/Outsourced: Internal

      If External/Outsourced: then who

Strategy: Accelerator, Incubator, Growth: Other (Incubator/Accelerator)

How is it funded (internal, external, other): Other (State Grants, Internal Budget)

Amount of Funds/Dry Powder: N/A

If more than 1 fund please list fund names

  • Fund 1: Northwest Ohio Tech Fund II
    • Fund Managers: ProMedica Innovations
    • Year Started: 2017
    • End Date: 2026
    • Amount: $6,000,000
    • Invested Amount: $4,800,000
    • Number of Investments: 17
    • Min Investment: $100,000
    • Max Investment: $500,000
    • Avg. Investment Amount: $436,354
    • Avg. Valuation:
    • Exits: 0
    • Investment Type:
      • Seed: YES
        • Early-Stage Technology Investments- Min. $100k Max $500k
        • Amount Outstanding: All Capital Allocated
      • Convertible: YES
        • Early-Stage Technology Investments- Min. $100k Max $500k
        • Amount Outstanding: All Capital Allocated
      • Series A: YES
        • Early-Stage Technology Investments- Min. $100k Max $500k
        • Amount Outstanding: All Capital Allocated
      • Series B: NO
      • Series C+: NO
      • Growth Equity: NO
      • Mezzanine: NO
      • Product Advance: NO
      • Warrants: NO
      • Licensing: NO
    • Fund 2: ProMedica Ventures Innovation Fund III
      • Fund Managers: ProMedica Innovations
      • Year Started: 2021
      • End Date: 
      • Amount: $6,000,000
      • Invested Amount: $0
      • Number of Investments: 0
      • Min Investment: $100,000
      • Max Investment: $500,000
      • Avg. Investment Amount: 
      • Avg. Valuation:
      • Exits: 0
      • Investment Type:
        • Seed: YES
          • Early-Stage Technology Investments- Min. $100k Max $500k
          • Amount Outstanding: $1,700,000
        • Convertible: YES
          • Early-Stage Technology Investments- Min. $100k Max $500k
          • Amount Outstanding: $1,700,000
        • Series A: YES
          • Early-Stage Technology Investments- Min. $100k Max $500k
          • Amount Outstanding: $1,700,000
        • Series B: NO
        • Series C+: NO
        • Growth Equity: NO
        • Mezzanine: NO
        • Product Advance: NO
        • Warrants: NO
        • Licensing: NO

Governance:

  • Decision making: 5 Person Board, LPs
  • Performance metrics: IRR, MOIC, Local Economic Impact

     

 

Logo

© Copyright. All rights reserved.