Ikove Venture Partners, a Columbus, Ohio-based venture development company, launched a $10m Startup Nursery (SUN) fund.
The vehicle will be used to launch 10 to 15 early-stage technology companies through its proprietary Startup Nursery. The SUN Fund enables Ikove to expand its outreach to help more early-stage technologies overcome the commercialization gap as well as develop new verticals.
Led by John D’Orazio, Rodolfo Bellesi, and Flavio Lobato, Ikove Venture Partners is a Midwest venture development company that commercializes early-stage technologies. Its venture development model identifies and cultivates technologies at research institutions, by partnering with inventors and institutions to found new companies around intellectual property.
Since 2014, Ikove has launched 10 early-stage deep-tech companies in the STEM, AgriTech and MedTech verticals, creating more than $150m in equity value.
Startup Nursery graduates include Nikola Labs, Cognovi Labs, Circular Wave Drive, ParaGen Technologies (parent company to four holding companies: RenovoDerm, Atreon Orthopedics, Vascular Genesis and Tarian Medical), eLum Technologies, Soliton Reach and Soil1.
To date, Ikove has raised over $40 million directly into their portfolio companies to further develop the technologies and accelerate their commercialization efforts.