Slater Technology Fund

edit

The Slater Technology Fund was created in 1997 by Governor Lincoln Almond and the Rhode Island General Assembly to stimulate the creation of new technology-based companies in Rhode Island. The Fund is financed annually by the General Assembly.

Since its inception, Slater Technology Fund has:

a) Provided financing to more than 90 technology ventures in Rhode Island.

b) Invested $15 million in state funds into companies that have raised more than $174 million in private, VC and government investments.

c) Successfully recruited numerous out-of-state companies.

d) Backed ventures that have created high-value jobs in the state, and offer the potential for even greater job creation in the future.

Slater focuses its resources on industry sectors deemed to be particularly well suited to developing an innovation-based economy in Rhode Island: These industry sectors fall under two broad categories::

-Life Sciences

-Information Technology

Slater provides up to $3 million annually in seed funding for local technology-based ventures in these two categories. This seed funding – combined with the deep industry knowledge and network of strategic partnerships that Slater provides – often serves as the critical catalyst that enables a company to successfully make the transition from the lab to the investment stage and/or product sales.

Slater also maintains incubator space at Richmond Square in Providence.

Milestones

edit

• 
  Slater Technology Fund invested in Cardiorobotics. (9/15/09)
  Posted 9/18/09 at 6:14am
• 
  Slater Technology Fund invested in RxVantage. (6/1/09)
  Posted 6/10/09 at 7:50pm
• 
  Slater Technology Fund invested in WaveSyndicate. (10/6/08)
  Posted 8/21/09 at 10:56pm
• 
  Slater Technology Fund invested in Tizra. (9/08)
  Posted 2/5/09 at 2:08pm
• 
  Slater Technology Fund invested in MoFuse. (8/21/08)
  Posted 8/23/08 at 8:02am
• 
  Slater Technology Fund invested in Location. (5/28/08)
  Posted 5/26/09 at 9:31pm
• 
  Slater Technology Fund invested in Tizra. (5/1/07)
  Posted 8/26/07 at 11:31am

Investments

Videos

Sources

1. Cardiorobotics, Inc.: Series A $11.6M (onbiovc.com) [edit]
2. RxVantage Raises $500K from Slater Fund (xconomy.com) [edit]
3. Slater slots $350K into R.I. startup WaveSyndicate (masshightech.com) [edit]
4. Slater Technology Fund Reinvests in Tizra (slaterfund.com) [edit]
5. Mobile Blogging's Mofuse Seed Funded (thealarmclock.com) [edit]
6. Slater Fund reinvests in Location Inc. (pbn.com) [edit]
7. thealarmclock.com [edit]