Physical presence taps into regional innovation across the upper Midwest
Minneapolis-Saint Paul, MN – VIC Technology Venture Development (VIC) today announced that it has begun operations in Minnesota. Dr. Michael Artinger, Executive Vice President and Managing Director, will lead operations in the newly created office. VIC is a venture creation firm focusing on life science innovation developed at US and international universities, institutes and national laboratories. Following extensive due diligence, start-up companies are formed with initial seed funding provided by the VIC Investor Network (VIN) and are led by seasoned industry experts and other operational and technical support provided by VIC.
“Our decision to place an office in the Twin Cities further supports our model of accessing abundant top-tier science in locations where early-stage, life science-focused capital is rate-limiting,” said Dr. Artinger. “We look forward to building deeper relationships with the life science ecosystems here and in the surrounding states.”
To date, VIC’s portfolio of companies are based on innovation licensed from examples such as Colorado State University, Georgia Tech, Johns Hopkins, Massachusetts General Hospital, Stanford, University of Colorado, University of New Mexico, University of Texas Southwestern, Virginia Tech, Washington University and others. Technologies include therapeutics, vaccines, medical devices, diagnostics and related opportunities. VIN allows accredited individuals to access privately held investment opportunities not typically available to the public.
About VIC Technology Venture Development
VIC’s unique investment model sources innovation directly from universities across the nation, offering funding to form new start-up companies and advance these technologies. In addition to the initial capital, VIC provides its portfolio companies with business and scientific resources, including interim management, accounting, marketing, engineering support and more. For more information, please visit victech.com.