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Utah’s Innovation Fund aims to boost local startups and keep investments in-state

Summary by Ground News
The Utah Innovation Fund is a state-backed fund to help promising businesses get off the ground. The fund has invested $700,000 in three companies: Eden Technologies, 3Helix and Inherent Biosciences. Gov. Spencer Cox says the fund "fills the gap" in investing.

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KSLKSL
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Utah’s Innovation Fund aims to boost local startups and keep investments in-state

Gabi Tellez, with the Utah Innovation Fund, speaks at an announcement of a newly formed state-backed venture capital firm, Utah Innovation Fund, at the Utah Capitol in Salt Lake City on Monday, Dec. 11, 2023.Megan Nielsen, Deseret News When Hunter Manz had the idea for a novel system to improve the efficiency of water desalination, he expected investors to line up around the block to help him build a company to deploy his idea.A Las Vegas nativ…

·Salt Lake City, United States
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KSL broke the news in Salt Lake City, United States on Monday, December 11, 2023.
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