Company Overview of Slater Technology Fund
Slater Technology Fund is a venture capital firm specializing in investments in incubation, seed stage and startups. The firm seeks to invest in life sciences, biomedical technology, information technology, and clean energy companies. Within information technology, it invests in software, internet, and digital media and within clean energy sector, it invests in energy and environment technology, and alternative energy resources. It typically invests in companies based in Rhode Island. It typically invests at the inception stage in the development of a new venture, often based upon ideas and technologies originating in academic institutions and/or government research laboratories located with...
3 Davol Square
Providence, RI 02903
Founded in 1997
Key Executives for Slater Technology Fund
Compensation as of Fiscal Year 2015.
Slater Technology Fund Key Developments
Federal Funding for Slater Resumes
Feb 9 15
CommerceRI and the Slater Technology Fund announced that the U.S. Treasury Department has authorized resumption of funding under the $13.1- million State Small Business Credit Initiative (SSBCI) grant originally awarded to Rhode Island in September, 2011. That year, the state received the first tranche of funding in the amount of $4.3 million, substantially all of which was deployed in Rhode Island’s three SSBCI-approved programs. Recently, Treasury released the second tranche of funding in the amount of $4.3 million, which will be used to support Slater’s ongoing SSBCI program. Slater was allocated an aggregate of $9 million of the $13.1 million award, of which $1.9 million had been received prior to the most recent advance. Key objectives of Treasury’s SSBCI program include the support of ventures that involve co-investment of private capital alongside SSBCI funding and have reasonable expectation of generating 10X or more in additional investment from private investors over the life of the program.
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