CIT Engages Venture Partner to Expand Outreach for CIT GAP Funds and Virginia Founders Fund
The Center for Innovative Technology (CIT) today announced the appointment of Greg Feldmann, President of Skyline Capital Strategies, an affiliate of Woods Rogers, PLC, as CIT GAP Funds Venture Partner. CIT GAP Funds and affiliated Virginia Founder’s Fund (VFF) are committed to identifying viable start-up investment opportunities in all parts of the Commonwealth. As a Venture Partner, Feldmann will provide outreach services to cultivate new and existing sources of deal flow and early-stage investment capital in the Roanoke-Blacksburg corridor, Southside Virginia, Lynchburg and Far Southwest Virginia.
“CIT recognizes the wealth of technology and strong entrepreneurial spirit of the Roanoke-Blacksburg corridor and adjacent geographies,” said Tom Weithman, Managing Director of CIT GAP Funds. “A critical part of harnessing those assets to create economic development benefit for the Commonwealth turns on mobilizing capital to drive development of emerging companies. Greg is a strategic thinker with the ability to translate plans into action. As a CIT GAP Funds Venture Partner, Greg will be a key factor in mobilizing capital from CIT and third-party sources within the region.”
In this role, Feldmann will be responsible for building and maintaining relationships with key deal flow sources in targeted geographies such as the Valleys Innovation Councils (VIC), Roanoke-Blacksburg Technology Council and RAMP Accelerator, Virginia Tech, the Launch Place, and technology groups and other entrepreneurial support organizations in Southside, Lynchburg and Far Southwest Virginia. Additionally, Feldmann will support the CIT GAP Funds and VFF investment team in preliminary screenings and investment decisions, encourage regional company participation in other CIT program offerings including Federal Funding Assistance Program and CRCF, and will refer companies for investment consideration by other regional funding sources. Feldmann will also support efforts of the recently formed Common Wealth Angels, an investor network with interest in early stage technology companies.
“Improving access to capital for area founders and entrepreneurs has been a lifelong passion of mine,” added Feldmann. “Initiating the Venture Partner program in our region demonstrates CIT’s commitment to stimulating technology start-ups throughout the state and recognizes the high potential of a growing innovation economy in our region. It will be a privilege to work with CIT and regional founders in this effort.”
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