Slater Technology Fund

Slater Technology Fund is a prominent venture capital firm based in Providence, Rhode Island, serving as the state's leading source of seed capital for technology-based ventures. Established with a mission to foster economic development within Rhode Island, the fund primarily invests in early-stage companies that demonstrate significant technological innovation and growth potential. Their strategic focus is exclusively on businesses located within the state, reinforcing their commitment to the local entrepreneurial ecosystem.

The fund's investment strategy is centered on providing crucial seed capital and hands-on management assistance to nascent technology companies across a diverse range of sectors. These include, but are not limited to, life sciences, software development, new materials, and other high-tech industries. Slater Technology Fund aims to not only inject financial resources but also to actively support the strategic growth and operational development of its portfolio companies, helping them navigate the challenges of early-stage expansion.

Since its inception, Slater Technology Fund has made a substantial impact on Rhode Island's innovation landscape. The firm typically provides an initial investment ranging from $100,000 to $500,000 to promising startups. Beyond the initial capital, they are prepared to make subsequent investments, potentially committing up to $1,000,000 over the life of a company as it achieves key milestones and requires further funding for scaling. This long-term commitment underscores their dedication to nurturing companies from their foundational stages through significant growth phases.

To date, Slater Technology Fund has invested over $100 million across more than 200 companies, solidifying its position as a cornerstone of venture funding in Rhode Island. Their extensive portfolio and sustained investment activity highlight their critical role in stimulating job creation and technological advancement within the state, thereby contributing significantly to its economic vitality.