While Boise Idaho isn’t synonymous with startups they do have quite a few great tech companies on their hands. Part of that was because of the $1 million dollar Boise Angel Fund which has recently shut down.
A new group of angels have banded together in Idaho to again spur innovation, startups and small businesses. The Treasure Valley Angel Fund has announced that they’ve raised $750,000 of the $2 million dollars they are looking to invest in Idaho startups.
“The Treasure Valley Angel Fund is the kind of jobs-and opportunity-creating machine that will help accelerate Idaho’s economic growth through the skill and experience of proven business leaders and the creative energy of entrepreneurs,” Gov. Butch Otter said in a news release.
Earl Sullivan who is the chairman of “The Core” a medical technology industry cluster in Meridian, is backing the Treasure Valley Angel Fund and is the interim chairmen however he has already said that he’s turned over control of the fund to the members.
“Members of the Core, who are committed to building out a core competency in Idaho in health care, health research and innovation, are energized by the response of investors to grow the base of capital on which Idaho’s growing economy is built,” Sullivan said to the Idaho Statesman.
Loon Creek Capital will administer the Treasure Valley Angel Fund. Kevin Learned, the co-founder of Loon Creek and also the co-founder of Learned Mahn, one of Idaho’s first software companies said: “Idahoans have known for more than a century when to make an investment to prime the pump, and they have done it again,”
Linkage:
For more on the Treasure Valley Angel Fund Click Here
Source: The Idaho Statesman
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