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