Veteran seed investor and startup builder joins UC’s flagship for emerging ideas, research, technology
CINCINNATI (September __, 2018)– CincyTech, a regionally focused startup investor that is among the most active in the Midwest, today announced an agreement with the University of Cincinnati to move into the school’s 1819 Innovation Hub.
“CincyTech invests in innovation at the earliest stage, for the purpose of building world-class technology growth companies right here in southwest Ohio. We seek out the region’s best opportunities, and we are always looking for what’s next,” said Mike Venerable, CEO of CincyTech. “UC is a world-class research institution where ideas and intellectual property abound. UC’s Innovation Agenda and the 1819 Innovation Hub align perfectly with our mission.”
Since 2007, CincyTech has invested in nearly 80 technology and life science startups in southwest Ohio. These portfolio companies have collectively driven more than $1 billion in economic impact into the region, attracting follow-on venture capital from the nation’s top tier funds and employing more than one thousand people.
The 1819 Innovation Hub is located within the burgeoning Uptown Innovation Corridor and is the region’s newest destination for emerging technology, connecting industry with talent and research.
“For the last decade, CincyTech has helped to build a density of impactful, next generation, technology and life science companies that are helping to transform the regional economy and culture. CincyTech has been an anchor in the development of southwest Ohio’s entrepreneurial ecosystem. They will be an ideal partner in the 1819 Innovation Hub as we continue expansion of the innovation ecosystem,” said David J. Adams, University of Cincinnati’s chief innovation officer.
“Bringing CincyTech to our 1819 hub is such an exciting step in creating a place where innovative and creative ideas will thrive. Our longtime partnership is destined to take on new dimensions as we collaborate around our shared goal of fostering and amplifying growth in the region. CincyTech is great fit with the all-star list of partners who have already committed to 1819,” said University of Cincinnati President Neville G. Pinto.
Venerable says CincyTech expects to move in early 2019, relocating from Union Hall in the city’s Over-the-Rhine neighborhood.
“Progress in our start-up community is evident by it’s expanding geography and footprint. We started downtown, moved to Union Hall – the City Hall of Startup Cincy as OTR grew. Our Union Hall space will be filled with new entrepreneurial energy as we move to what I expect to be the next high-growth node for innovation in the region.”
Peg Rusconi | Director of Communications, CincyTech
Anastasia Mileham | Executive Director, 1819 Innovation Hub
Anastasia.email@example.com| (M)(513) 604-3093
About CincyTech: CincyTech transforms innovation into high performing life science and digital companies in Southwest Ohio. Our team provides advice and capital to entrepreneurs, helps research institutions commercialize technology through startups, and catalyzes investment from individuals and institutions into regional companies, which create jobs, economic vitality and wealth in Southwest Ohio.
About University of Cincinnati’s Office of Innovation: UC’s Office of Innovation enables Next Lives Here by creating an environment for collaboration and innovative collisions around shared interests among students, faculty, and community. With the 1819 Innovation Hub serving as the connecting place, what comes next is talent development and inclusive and creative ideas to power the region.