New $10M Fund for Technology Innovation Announced at Catalyst
Dr. Dan Tolley, President of SP Global, Inc. announced that a ten-million-dollar fund has been established to provide comprehensive support to small businesses promoting business and economic development throughout the region. This announcement was made during The Dayton Entrepreneur’s Center Catalyst event at Sinclair Community College.
“Catalyst was the perfect platform to announce the establishment of this fund as the audience was full of entrepreneurs and community and business leaders,” said Scott Koorndyk, President, The Entrepreneur’s Center. “We applaud and welcome this huge impact, strategic investment in the Dayton area and look forward to SP Global Inc.’s continued enthusiastic leadership for our region’s entrepreneurs.”
SP Global Inc. is pleased to announce the availability of this $10M dynamic fund to advance technology innovation and to use our patented SP Global Transformative Corporate Formation (TCF) model to grow and to mentor small businesses throughout Ohio, said Dr.Tolley. “TCF provides a faster start for new companies as demonstrated by two Dayton-based companies, GlobalFlyte and S.A. Wyze, mentored by SP Global, Inc. and on their way to revenue in under three years and most importantly bringing critical jobs and critical technology advancements to the area.”
Tolley continued, “SP Global, Inc. is pleased to partner with The Entrepreneur’s Center and other area organizations, including the Air Force Research Laboratory (AFRL), to find pockets of innovation and to work with committed individuals and teams to strategically enhance their hard work and help get their technologies to market more efficiently.”