- Innovation and Entrepreneurship
2017 Regional Innovation Strategies grantee the Economic Development Authority of Western Nevada (EDAWN) has launched an annual seed fund and venture conference in Reno, Nevada to bring investors to the region and help provide early stage financing to the most promising local business startups in the area.
EDAWN, in collaboration with its university and community partners, is working with strategic partners from GTG Capital and Seven Peaks Ventures to create a framework to accomplish 3 high level objectives:
To date the team has:
The initial progress is encouraging and has demonstrated the regions capacity for supporting the local seed capital ecosystem. This is especially exciting given that historically many of the local investors and startups had to relocate to Silicon Valley to participate in a more mature venture capital environment. This increased investment activity is helping grow the Nevada entrepreneurship ecosystem so startups can now launch and receive the necessary capital to scale in their own region, and investors have enough deal-flow to stay local with their investments.