Jefferson Corner Group Invests

According to McGregor McCance, of the Daily Progress

A new “angel fund” organized by the University of Virginia’s Patent Foundation could be just weeks away from announcing its first investments in startup technology businesses.
Jefferson Corner Group is the second local group focusing on angel-level financing to get started in the past year. The first, the Virginia Active Angel Network, formed last October and has invested in five startup companies.
“That’s a tremendous improvement for local entrepreneurs,” said Jim Lansing, executive director of the Charlottesville Venture Group, a nonprofit that focuses on offering practical education to entrepreneurs. “Financial capital is an essential element of commercializing great research.”
Lansing said having more early-stage financing in Central Virginia plays a role in developing the kind of climate that allows companies to keep their inventions and ideas in their backyard, while beefing up the coveted technology employment.

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