Venture Capital in USA – Slater Technology Fund

The Slater Technology Fund was created in 1997 by Governor Lincoln Almond and the Rhode Island General Assembly to stimulate the creation of new technology-based companies in Rhode Island. The Fund is financed annually by the General Assembly. Slater focuses its resources on industry sectors deemed to be particularly well suited to developing an innovation-based economy in Rhode Island: These industry sectors fall under two broad categories: Life Sciences and Information Technology. Slater provides up to $3 million annually in seed funding for local technology-based ventures in these two categories. This seed funding – combined with the deep industry knowledge and network of strategic partnerships that Slater provides – often serves as the critical catalyst that enables a company to successfully make the transition from the lab to the investment stage and/or product sales. © Slater Technology Fund