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Ohio Venture Fund to Support Life Sciences

NEW YORK, April 9 (GenomeWeb News) - The State of Ohioannounced the formation of its first angel fund last week, which will make available $1.3 million to support "the commercialization of innovations in life sciences, information technology, physical sciences and novel service models in Ohio," according to a statement issued by the Columbus Venture Network.

Mike Bowers of the CVN confirmed that some investments from the fund would likely occur in genomic technology areas.

 

The fund, called the Ohio TechAngel Fund, has 50 private equity investors and is the largest angel fund in the upper Midwest, according to the statement.

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