{"id":4452,"date":"2011-05-25T11:07:22","date_gmt":"2011-05-25T15:07:22","guid":{"rendered":"http:\/\/sciencebusiness.technewslit.com\/?p=4452"},"modified":"2011-05-25T11:14:21","modified_gmt":"2011-05-25T15:14:21","slug":"100-million-investment-fund-set-for-second-stage-companies","status":"publish","type":"post","link":"https:\/\/technewslit.com\/sciencebusiness\/?p=4452","title":{"rendered":"$100 Million Investment Fund Set for Second-Stage Companies"},"content":{"rendered":"<figure id=\"attachment_4454\" aria-describedby=\"caption-attachment-4454\" style=\"width: 200px\" class=\"wp-caption alignright\"><a href=\"http:\/\/technewslit.com\/sciencebusiness\/wp-content\/uploads\/2011\/05\/TomLasorda_Stage2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4454\" title=\"TomLasorda_Stage2\" src=\"http:\/\/technewslit.com\/sciencebusiness\/wp-content\/uploads\/2011\/05\/TomLasorda_Stage2.jpg\" alt=\"Tom Lasorda (Stage 2 Innovations)\" width=\"200\" height=\"247\" srcset=\"https:\/\/technewslit.com\/sciencebusiness\/wp-content\/uploads\/2011\/05\/TomLasorda_Stage2.jpg 200w, https:\/\/technewslit.com\/sciencebusiness\/wp-content\/uploads\/2011\/05\/TomLasorda_Stage2-121x150.jpg 121w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><figcaption id=\"caption-attachment-4454\" class=\"wp-caption-text\">Tom Lasorda (Stage 2 Innovations)<\/figcaption><\/figure>\n<p><a href=\"http:\/\/www.stage2innovations.com\/index.cfm\">Stage 2 Innovations<\/a>, a new venture capital fund, and <a href=\"http:\/\/www.automationalley.com\/a2_nws_newsdetail?id=a0M6000000AId2SEAT\">Automation Alley<\/a>, a technology business group in Troy, Michigan, will identify companies for funding to support large-scale commercialization. The fund will support entrepreneurs with proven technologies that need financing to take their discoveries to the global market.<\/p>\n<p>Tom LaSorda (pictured right), former President and CEO of Chrysler Corporation, co-founded Stage 2 Innovations in 2011. LaSorda says the $100 million fund is backed by an experienced, but anonymous, investor in start up companies with a proven track record.<\/p>\n<p>Stage 2 Innovations intends to invest in companies with technologies already developed and a patent filed or awarded, with funding provided for the commercialization of those technologies. The fund also expects to provide hands-on business strategy and operational support, if required, to help position entrepreneurs and their innovations for success in the market.<\/p>\n<p>Automation Alley is a regional technology and business organization in southeast Michigan. The group offers seed and early stage investment funding, backing 29 companies so far with a total of $6 million.<\/p>\n<p>Read more:\u00a0<a href=\"http:\/\/sciencebusiness.technewslit.com\/?p=4347\">Venture Capital Investment Performance Improves Through 2010<\/a><\/p>\n<p style=\"text-align: center;\">*\u00a0\u00a0\u00a0\u00a0 *\u00a0\u00a0\u00a0\u00a0 *<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stage 2 Innovations, a new venture capital fund, and Automation Alley, a technology business group in Troy, Michigan, will identify companies for funding to support large-scale commercialization. The fund will support entrepreneurs with proven technologies that need financing to take their discoveries to the global market. Tom LaSorda (pictured right), former President and CEO of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[74,23,24,29,19],"class_list":["post-4452","post","type-post","status-publish","format-standard","hentry","category-finance","tag-entrepreneurs","tag-equity","tag-investment","tag-patent","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/4452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4452"}],"version-history":[{"count":4,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/4452\/revisions"}],"predecessor-version":[{"id":4456,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/4452\/revisions\/4456"}],"wp:attachment":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}