Story excerpt provided by Dayton Business Journal.
Written by Tristan Navera.
A new seed-stage investor fund in Dayton has landed a $3 million award from the state government.
The money is from the Ohio Third Frontier Commission’s Pre-Seed Fund Capitalization Program. It brings the Accelerant Fund I, an initiative of the Dayton Development Coalition, to $9.5 million. The balance of the money was raised locally.
Paperwork for the funding will be completed in four to six weeks, said Joel Ivers, vice president of entrepreneurial development for DDC. By the time that paperwork is finished and the fund is closed, he said he hopes the fund will hit its $10 million goal.
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Originally published June 11, 2014.