Athens, OH (PRWEB) August 22, 2012
WHAT: Athenian Venture Partners, a venture capital firm specializing in investments in information technology and healthcare companies in Ohio and across the United States, is participating in two Ohio-focused investment and startup events in August.
Karl Elderkin, founder and managing partner, will present at the Third Frontier Advisory Board and Commission Retreat on Wednesday, August 22, and at the Ohio University Innovation Engine Accelerator’s Startup Showcase on Friday, August 24. Athenian is also sponsoring the showcase and hosting the closing VIP reception in Athens, Ohio.
WHY: Venture capital activity in Ohio increased more than 80 percent in 2010, eclipsing the national average of 20 percent, according to the most recent Ohio Venture Capital Report. Pre-and seed-stage investment also saw an increase of 78 percent in 2010, up to $183.8 million. Additionally, Athenian’s AVP Ohio fund was recently ranked by Preqin as the highest of the 2003 U.S. venture capital funds in both net return multiple and internal rate of return.
With such robust activity, it’s important for Ohio-based investors to come together to not only discuss the opportunities within the state, but to also reach out to the budding entrepreneurs at local universities to provide guidance on how to take their ideas to the next level.
At the Third Frontier Advisory Board and Commission Retreat, Elderkin will discuss the state of the venture capital industry and the strength of the Ohio funding ecosystem. Elderkin will share his views for how the commission’s members can further promote successful investment activity in the state. As a speaker at the Ohio University Innovation Engine Accelerator’s Startup Showcase, Elderkin will join a group of investors, lenders, business consultants and economic development professionals to provide expertise and guidance to the teams of entrepreneurs at the showcase event. Athenian’s Mitchell Rosich, partner, and Mary Strother, managing director of investor relations, will join Elderkin as Innovation Engine mentors and expert advisors.
WHEN/WHERE: Third Frontier Advisory Board and Commission Retreat
Wednesday, August 22 – Thursday, August 23
Ohio University Innovation Engine Startup Showcase
Friday, August 24
Ohio University Inn
About Athenian Venture Partners
Athenian Venture Partners identifies and cultivates intellectual capital in two of the most dynamic market segments: Information Technology and Healthcare. The Athenian team takes a thoughtful approach to investing, doing the rational work upfront with accountability to both its investors and its portfolio companies. With a presence in California, Massachusetts and Ohio, Athenian Venture Partners spans the most interesting technology and healthcare communities to create new investment opportunities others may miss and deliver proven results for the long term.
Athenian Venture Partners Press Contact:
212.255.0080, ext. 12