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The Enterprise Oklahoma Venture Fund (EOVF) is only one of the programs offered by i2E in support to technological companies based in Oklahoma. The history of EOVF dates back to 1997 when i2E was established in response to the Oklahoma Center for the Advancement of Science and Technology's (OCAST) call for technology commercialization. i2E provides support for Oklahoma-based companies through programs that enhance viable business planning, acquiring network of contacts and access to funding resources. i2E is a member of the prime investment association in North America, the Angel Capital Association. Then on 1998, the Oklahoma Technology Commercialization Center (OTCC) was created to help inventors, researchers and entrepreneurs in realizing the potentials of highly technological companies. The OCAST Technology Business Finance Program (TBFP), on the other hand, was also formed to further enhance the support available to newly emerging technological companies, particularly addressing to funding needs. Finally, in 2002, the Enterprise Oklahoma Venture Fund was established to operate as a small investment capital fund according to the laws of the state, in connection to particular government legislation such as the Quality Jobs Investment Program and the Small Business Capital Formation Incentive Acts.
The Enterprise Oklahoma Venture Fund is managed by i2E in such a way that it facilitates the success of its investment funds through proper evaluation of investment criteria, such as the viability of the technology, product, market opportunity, business plan, and an over-all assessment that includes the financial risks involved in the investment, as well as the return of investment and internal rate of return requirements. The EOVF preferably invests on technology-based companies that has high growth and profit potential. It has a total of about $6.2 million amount of funds. Companies that are interested to apply for funding should submit a company profile and other investment requirements to i2E. For further inquiries and information about funding application, applicants should directly contact i2E via email or telephone through Mr. Tom Francis.
Enterprise Oklahoma Venture Fund Website
The Enterprise Oklahoma Venture Fund (EOVF) web page is part of the i2E website. The i2E website provides a very lengthy historical account of each of the programs it offers, that includes the founding history of the EOVF. The EOVF page provides a short description about the investment fund and brief run-down of the criteria it considers to qualify companies for funding. Applications for funding can be submitted to the contact person indicated in the page, through electronic mail. Further inquiries can also be forwarded through the same email address or through the contact phone number provided. Another page in the website gives information about a seminar in angel investing that is hosted by i2E. There is a link that connects to another page that gives more information about the said seminar. For news and events that goes around i2E and its various programs, a page is also provided on the website that has links to a number of news articles.
Aside from EOVF, i2E offers more programs for technology-based companies. Each of the programs are briefly explained through tabbed pages. The Oklahoma Technology Commercialization Center (OTCC) page provides information about their commercialization process through a link. Another link on the page connects to another page wherein OTCC's client companies are enumerated. The OCAST Technology Business Finance Program (TBFP) page, on the other hand, contains an explanation of the technology business finance program process. There is also a link that connects to another page that shows the companies that has been awarded by TBFP. Since i2E has been granted by The Donald W. Reynolds Governor's Cup to manage a contest for college students in the region, a link to The Donald W. Reynolds Governor's Cup website is also available on the i2E website. There are also other links to various company websites of i2E's affiliations. And lastly, the i2E website's contact page provides very sufficient contact details of their two offices. It includes postal addresses and various telephone numbers, as well as a link to a page where the names, telephone numbers and email addresses of the i2E staff are indicated. Maps and driving directions to i2E offices in Oklahoma City and Tulsa are also available.
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