Tampa, FL-based Innovaro (formerly UTEK Corporation) has formed Verdant Ventures Advisors, LLC, as an independently managed tech transfer venture fund. “Verdant Ventures will enable Innovaro clients to have access to capital that we believe will help facilitate the transfer of technologies that have not yet attained a certain milestone or level of development maturity,” says Doug Schaedler, Innovaro CEO. “The underlying goal of this relationship is to further increase our clients’ commercialization success rates as well as increase the frequency of technology licensing for the company.”<\/p>\n
Verdant will take advantage of the breadth and depth of Innovaro’s contacts and networks with university TTOs, medical centers, federal research labs, and corporations. The new fund seeks to reduce the risk of investing in early-stage opportunities by capitalizing on its relationships with companies that specialize in tech transfer. Verdant then will add value to early-stage technologies by advising management teams and by continuing the development of the acquired science. Verdant also will seek to formulate and implement market strategies that may include outlicensing, selling, or incorporating a company to develop technologies in its portfolio.<\/p>\n