As part of the Venture Alliance Partner Program (VAP), local, regional and national VC firms will create an on-site presence at the nonprofit NTEC incubator facility in Frisco as a way to enhance deal visibility for medtec startups. 

"We recognized the intersection of need and opportunity and decided to provide a solution in the form of our VAP Program," said Larry Calton, NTEC executive director, in a released statement.

The VAP Program is targeting venture capital firms, most of which are out of state, that commit to spending from two days a month to two days per quarter maintaining "office hours" at NTEC. NTEC will help identify and screen companies and coordinate meetings with the investors during their office hours at the facility. 

"This program should make the process much more efficient and serve both the startup community and the venture capital community," said Hubert Zajicek, senior director at NTEC, in the release.

Texas-Based Sevin Rosen and Santé Ventures are among the 10 VC firms that make up the alliance. Also included are Arboretum Partners, Ballast Point Ventures, Chrysalis Ventures, Heron Capital, H.I.G. BioVentures, Noro-Mosely Partners, Prolog Ventures, and River Cities Capital Funds.

Founded in 2002, NTEC operates as a business accelerator - providing a broad spectrum of services and support - to Medtech and Cleantech startup companies from its Frisco headquarters.  

skerner@bizpress.net

http://www.ccbizpress.com/display.php?id=4159