Darien, CT (PRWEB) December 15, 2009
Nutrition/Green Capital Network (NGCN) Launches Wireless Power Association and Wireless Power Fund. The Wireless Power Association’s Wireless Power Fund is a $250M investment initiative that will provide funds, market insight and technical support to innovators of ideas and products that extend the revolutionary new invention of wireless electric power.
Managed by NGCN Partner Thomas Aarts, the Fund invests in both young and established companies creating wireless electric power components, applications, products and services. Focus areas include, but are not limited to, communications, household consumer electronics as well as travel and entertainment applications that build on wireless electric power platforms.
"A revolutionary new platform is a rare and prized opportunity for entrepreneurs, and that's exactly what MIT has created with Witricity," said Tom Aarts. "We think several significant new companies will emerge as this new platform evolves, and the Wireless Power Fund™ will empower them to realize their full potential."
"OEM's, entrepreneurs, and innovators are already bursting with ideas for Wireless Power, and now they have the chance to turn those ideas into great companies with the help of world-class venture capitalists," said Brian King, the funds CEO. "We can't wait to start working with NGCN and the companies they fund through this new initiative."
ABOUT THE WPA
Founded in November 2009, The The Wireless Power Association (WPA) is dedicated to furthering the development of wireless power and innovations.
The WPA manages the assets of the Wireless Power Fund (WPF), a combined private equity/venture capital fund dedicated to investing in wireless power, and hosting the Wireless Power Show, which showcases thousands of wireless electric powered products, services, and applications.
ABOUT THE WIRELESS ELECTRICITY SHOW
To further its mission, the WPA hosts an annual Wireless Power Show, a trade show exhibiting thousands of the most innovative wireless electric powered products, services and applications.
The mission of the NGCN is to facilitate the financing process for small companies and introduce investors to the next generation of successful brands in the nutrition, health, wellness, natural/organic and green product industries.
The next Wireless Power Association meeting will be January. Venue TBD. Investors please email: brian(dot)king(at)wirelesspowerassociation(dot)org.