Garage Technology Ventures, a seed and early stage venture capital fund, announced earlier this week that it is is partnering with global corporate investors to launch a new investment program in the U.S.
The initial investment focus of this new program are technologies of strategic interest to Garage's corporate partners in the areas of materials science, energy technologies, advanced chemistry, and clean technologies. Investments will range from $500,000 to $5 million.
"Corporate investors see the need to participate more aggressively in the new venture ecosystem," said Bill Reichert, managing director of Garage Technology Ventures. "At the same time, global strategic investors can bring a lot more than just money to an emerging technology company, if the relationship is managed correctly. The result is a win-win for entrepreneurs and for corporations."
Additional information on this new program is available here. Interested companies can submit their executive summaries to Garage at summary [at] garage.com