Tech fund making $5.1 million available to turn ideas into Ohio businesses

Story excerpt provided by The Columbus Dispatch.

Written by Tim Feran.

Ohio TechAngel Funds has launched its fifth investor fund, but today’s rollout did not represent just an invitation to promising tech companies to come looking for money to take an idea and turn it into a business.

“This isn’t Santa,” said Ray Shealy, a serial entrepreneur who has led several companies that have made use of TechAngel funding.

The fund is tweaking its business model, said Tom Walker, president and CEO of Rev1 Ventures, the technology-business incubator formerly known as Tech Columbus.

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Originally published June 8, 2016.

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