New $50 Million Private Equity Fund for Nevada Tech and Biotech Companies

New $50 Million Private Equity Fund for Nevada Tech and Biotech Companies

Monday, October 10th, 2011

The State of Nevada has $50 million for investment in technology and biotechnology companies located in Nevada. This is private equity investment, managed by the newly formed Nevada Capital Investment Corporation (NCIC). Here’s a link to more information about the NCIC.

The inaugural meeting of the NCIC is October 11, 1:30pm at the Grant Sawyer Building, 555 E. Washington ave. Suite 5100, Las Vegas, NV. For Map Click Here Also, here’s the meeting agenda (pdf).

Also, here’s a great message from Chandler from Lucine about the importance of Southern Nevada showing up to the meeting:

If you have a tech or biotech company, it is critical to be at this meeting!

During the legislative hearings last spring, Lucine was the only Southern Nevada company or interested party represented. All of the other companies/parties were from Northern Nevada.

There is a perception that Southern Nevada is neither interested in tech nor capable of building a tech economy. This perception has to be changed. Otherwise, all of the funding will go to Northern Nevada companies. Worse yet, the funding would go to recruiting outside companies rather than our own startups.

We have a burgeoning tech sector in Southern Nevada. We need to show NCIC we mean business. Millions of dollars are at stake. Be there, spread the word. Let’s fill the conference room.

The other reason is that they have $50 million to invest in technology and bio-tech companies. Let’s make sure that #vegastech is well represented in that investment.


About rictandag @rictandag @LVHelpGro Returned U.S. Peace Corps Volunteer, Tandag, Surigao del Sur, Republic of the Philippines 1979-1980; Financial Management training Program [FMP], G.E., Appliance Park, Louisville, Kentucky 1981-1982 Champion [two days] Jeopardy 1986 Attorney, Los Angeles, CA 1989-1995 Disabiility Rights Attorney,, Las Vegas 1998-1999 Immigration Asylum Attorney, throughout the State of Kansas 1999-2001 Supply Logistics Specialist, UPS Las Vegas, 2006- present [business] advocate for: [Gawad Kalinga, tagalog for "to give care"]
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