Herndon, VA (PRWEB) March 20, 2013
The Center for Innovative Technology announced today the appointment of Julia Taxin to its CIT GAP Funds Investment Advisory Board (IAB), a panel of private sector experts who guide investment decisions for CIT in emerging, high-growth technology companies in the Commonwealth.
Taxin is an associate at Grotech Ventures, located in Tysons Corner and a leader in venture capital firms that invests in high-potential technology companies. She focuses primarily on investment opportunities in software, internet, digital media and healthcare. Prior to joining Grotech, Taxin worked at Sandbox Industries, a foundry and early-stage venture capital firm, and at PricewaterhouseCoopers where she focused primarily on enterprise software solutions. She has a Master’s in Business Administration from the University of Chicago’s Booth School of Business with concentrations in Finance and Entrepreneurship.
Tom Weithman, Managing Director of the CIT GAP Funds, said, “We welcome Julia Taxin to our IAB. She adds a great deal of expertise to our strong team, who understand the needs of entrepreneurs and the innovation marketplace because they work in it every day. Their real-time, real-world experience has been invaluable in helping us make our investment decisions.”
CIT GAP Funds is a family of seed- and early-stage investment funds placing near-equity and equity investments in Virginia-based technology, life science and clean technology companies. The Funds invest in companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth.
CIT GAP Funds relies on its private sector IAB to make investment decisions. Consisting of three investment committees with expertise in CIT’s primary areas of investment interest – technology, clean technology and life sciences – the IAB consists of leading entrepreneurs, angel investors, venture capitalists and corporate strategic partners.
Taxin will serve on the GAP Tech Fund Investment Committee. She will join J.S. Gamble, Founder, BluVenture Investors, LLC; Mike Graninger, Partner, In-Q-Tel, LLC; Tom Grossi, Partner, New Enterprise Associates; Lenard Marcus, Principal, Edison Ventures; Bobby Ocampo, Director, Revolution Ventures; Edmund Pendleton, Serial Entrepreneur; Paul Singh, Partner, 500 Startups; S. Tien Wong, Chief Executive Officer, Opus8; and Pete Jobse, CIT President and CEO.
In FY2012, CIT GAP Funds invested in 28 new companies. Since its 2005 launch, CIT GAP Funds has invested in over 70 companies across the Commonwealth of Virginia, deploying more than $9 million of public funds and attracting over $90 million more in private funding.
About the Center for Innovative Technology, http://www.cit.org
Since 1985, CIT, a nonprofit corporation, has been the Commonwealth’s primary driver in developing innovation-based economic development strategies and opportunities. CIT accelerates the next generation of technology and technology companies through commercialization, capital formation, market development and revenue generation services. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology startup companies and advanced technology consumers.
About CIT GAP Funds, http://www.citgapfunds.org
CIT GAP Funds makes seed-stage equity investments in Virginia-based technology, clean tech and life science companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth of Virginia. CIT GAP Funds investments are overseen by the CIT GAP Funds Investment Advisory Board (IAB). This independent, third-party panel consists of leading regional entrepreneurs, angel and strategic investors, and venture capital firms such as: New Enterprise Associates, Grotech Ventures, Valhalla Partners, Harbert Venture Partners HIG Ventures, Edison Ventures, In-Q-Tel, Intersouth Partners, SJF Ventures, Carilion Clinic, Johnson & Johnson, General Electric and Alpha Natural Resources.