Venture Capital
Memphis, Tennessee, 38103
Founded in 2007 by the Memphis Bioworks Foundation, Innova is a pre-seed, seed and early-stage investor focused on starting and funding high-growth companies in the Biosciences, Technology and AgTech fields. Innova links capital with great ideas to create groundbreaking products and services.Innova’s investment strategy was partially shaped by a change in the venture industry as a whole. Increasingly, traditional venture capital companies focus less on true early-stage investing as the financial risk/reward metrics have shifted in favor of later stage investing. This change in the industry has left a “funding gap” that has made it extremely difficult for startups in their formative stages to have access to venture capital. This lack of seed capital poses a long-term threat to our innovation-based economy and our country’s future competitiveness as a whole.
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