DMN: Frisco incubator to partner with 10 venture capital firms

Monday, July 26, 2010

By SHERYL JEAN / The Dallas Morning News

Frisco business incubator NTEC Inc. later today will announce plans for a new program to help restart venture capital investments in young companies in the Dallas area.

 Through its Venture Alliance Partner Program, NTEC will partner with 10 mostly out-of-state venture capital firms. Dallas-based Sevin Rosen Funds is one of only two Texas funds involved.

 The program will enhance start-up company deal visibility for local and out-of-state venture capital funds, help venture capitalists pool their resources in syndicated deals and provide emerging companies more access to institutional investors.

 The venture capital partners have committed to keep "office hours" at NTEC from two days a month to two days each quarter. NTEC will help identify and screen companies and coordinate meetings with investors. Toward that end, NTEC has partnered with Southern Methodist University for business students to help with due diligence and market research on companies applying to the new program.

Founded in 2003, the nonprofit NTEC provides office and lab space and business assistance to medical technology and clean technology companies.

Here are NTEC's venture capital partners in the new program:

-Arboretum Partners based in Ann Arbor  , Mich.

-Ballast Point Ventures based in St. Petersburg, Fla.

-Chrysalis Ventures based in Louisville, Ky. (has an office in Houston)

-Heron Capital based in Indianapolis

-H.I.G. Bioventures based in Atlanta

-Noro-Mosely Partners based in Atlanta

-Prolog Ventures based in St. Louis, Mo.

-River Cities Capital Funds based in Cincinnati

-Sante Ventures based in Austin

-Sevin Rosen Funds based in Dallas

sjean@dallasnews.com

 Article: http://bit.ly/bT8Qmq