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