Story excerpt provided by Cincinnati Enquirer.
Written by Kate Murphy.
CincyTech has formed its fourth and largest fund to date, one that will provide about $30.75 million to invest in as many as 25 homegrown startups in the digital and life sciences fields.
The Cincinnati-based accelerator projects the CincyTech Fund IV LLC will create at least 600 jobs in Southwest Ohio over the next five years. New hires would earn on average about $80,000 a year.
“The goal of this fund is to create jobs in Southwest Ohio and a return on investment for our investors,” said Bob Coy, CincyTech’s chief executive officer. “This fund is going to enable us to invest larger amounts in those companies.”
Originally published April 15, 2016.