The Fund is searching for a $10,000,000 Collection A Spherical.
SAN JOSE, Calif., Might 25, 2021 /PRNewswire-PRWeb/ — Innovative Technology Fund I, a Certified Alternative Zone Fund launches and is searching for accredited buyers for Know-how and Actual Property funding. The Fund is searching for a $10,000,000 Collection A spherical. Co-Basic Accomplice’s Dr. Mohan Ananda and Madan Menon will make investments proceeds of the fund to encourage and construct up Alternative Zone Know-how corporations and Actual Property which are located in Alternative Zones that target high-tech industries.
Innovative Technology Fund is backed by skilled startup and expertise executives who’ve constructed and brought public a number of corporations. We’re searching for Know-how corporations providing exponential returns on investments which are made. The founders of the fund are behind a number of publicly traded corporations and have the expertise to establish and develop investments within the expertise house. The thesis of the fund is to establish, make investments and nurture expertise corporations within the shopper tech, AI, and enterprise expertise industries. The Fund’s mission is to persistently develop the worth of the fund.
Innovative Technology Fund I Alternative Zone Funding Targets
With ecommerce – the times of strolling and buying with your pals on the mall are far and few in-between.
Frientap is constructing out revolutionary and patented expertise within the shopper tech house. In at this time’s on-line buying world, shoppers are overwhelmed with the choices which are made out there, the identical product might be bought from a number of locations at totally different charges. While you attempt to learn critiques, you aren’t certain if these critiques have been paid for or are real; and lastly, when you discover an incredible hidden gem of a product, how do you get your pals to purchase it? All these three type the underlying thesis of Frientap.
Frientap means that you can evaluate, react and transact on merchandise that you simply love. This offers your pals the power to offer you publish buy validation in addition to create new channels of gross sales to your favorite distributors and merchandise. Frientap is placing “Social” again into commerce.
Medical remedy choices, in addition to diagnoses themselves, usually differ relying on the doctor. Additional, misdiagnoses can lead to pointless remedies and even life-altering outcomes. Researchers have discovered that diagnostic errors account for almost 29% of all medical insurance coverage claims. Second Opinion Knowledgeable provides unique, one-on-one, on-line, skilled diagnostic evaluations to sufferers throughout the USA. Second Opinion Knowledgeable’s expert panel is comprised of a whole lot of Doctor Specialists with exemplary tutorial credentials in addition to important affected person care expertise in all main diagnostic specialties and subspecialties. Not do sufferers searching for a reliable second medical advisory opinion have to journey, disrupt their lives, or depend on physicians whose competence they might query.
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Certified Alternative Zones
The Tax Cuts and Jobs Act of 2017 created Certified Alternative Zones (“QOZs”) to supply probably important tax advantages to buyers who re-invest capital features into long-term investments into communities designated for financial growth. There are over 8,500 QOZs throughout all US states, Washington DC, and Puerto Rico. They provide buyers the power to positively affect communities struggling to draw capital to generate sustainable financial alternative for his or her communities.
QOZF Advantages to the Taxpayer/Investor
Taxpayers could defer paying tax on capital features, if such capital features are invested in a QOF, inside 180 days from the acquire. The deferral interval ends the sooner of when the taxpayer sells its curiosity within the QOF or December 20, 2026.Investments held for five years previous to December 31, 2026 can even qualify for a ten% enhance within the tax-payer’s tax foundation of the quantity of the deferred acquire. Any taxpayer that holds its funding for no less than 10 years, can obtain no capital acquire tax on the appreciation of its funding. Certified Alternative Zone Funds present buyers with a singular tax-advantage Alternative Zone investments.
Dr. Mohan Ananda – Chief Government Officer
Dr. Ananda was the founding Chairman, CEO, and President of Stamps.com (NASDAQ: STMP) and serves on its Board. Stamps.com is the main supplier of Web-based mailing and transport options and makes use of expertise developed by Dr. Ananda and guarded by various US patents. Dr. Ananda was instrumental in elevating in extra of $450 million of capital for the corporate by way of personal and public choices.
Dr. Ananda was additionally the founder and director of a European-based Enterprise Capital Agency, JAB Holdings Restricted. Its capital was raised by way of a public providing within the AIM of the London Inventory Trade within the United Kingdom. Dr. Ananda was additionally a founding father of Envestnet (NYSE: ENV), which is a number one supplier of options to monetary advisors and establishments. Dr. Ananda has served as a Director on Envestnet’s Board for various years. He’s additionally the Chairman and CEO of Ananda Enterprises, Inc. a California Company that gives expertise and administration consulting companies.
Dr. Ananda has been a companion within the legislation agency of Ananda & Krause, since 1986. Dr. Ananda obtained his B.S. diploma with Honors in Mechanical Engineering from Coimbatore Institute of Know-how, Coimbatore, India. He obtained his MS diploma in Aeronautics from California Institute of Know-how, Pasadena, California. He additionally obtained a Ph.D. from the College of California at Los Angeles in Astro-dynamics and Management. He additionally obtained his legislation diploma, J.D. from the College of West Los Angeles and has been a member of the California Bar since 1986.
Dr. Ananda has additionally labored for Jet Propulsion Laboratory, a NASA heart, and for the Aerospace Company, a assume tank for the US Air Drive. Dr. Ananda was a main architect for the event of the International Positioning System (GPS) for the U.S. Division of Protection. Dr. Ananda can be the Chairman and CEO of Ananda Basis, Inc., a charitable group.
California Institute of Know-how (Caltech), M.S., Aeronautics, Jan-1967 – Jan-1968
College of California at Los Angeles (UCLA) PhD, Astro-Dynamics and Management Sep-1969 – Jan-1973
Coimbatore Institute of Know-how B.S. with Honors, Mechanical Engineering Jun-1962 -Mar-1967
College of West Los Angeles, JD, Regulation Mar-1981 – Dec-1984
Madan Menon – Director
At present, Madan is main Frientap Inc, a California headquartered Social Market startup. Madan brings over 17 years of startup and expertise expertise having labored with enterprises and startups in a number of capacities. He setup, grew and exited an MSP centered on the SMB market, he grew the corporate 300% yr on yr, making certain over 95% repeat enterprise. Throughout his management, he grew the workforce, carried out leading edge initiatives that saved buyer’s over 60% of their IT budgets and improved operational efficiencies. After promoting his startup, Madan joined Flowedge Monetary Options as their COO. Flowedge is a fintech agency centered on proprietary buying and selling within the derivatives market. Right here Madan included programs and processes to make sure a sustainable development with a deal with traceability and accountability, he designed and carried out a growth and manufacturing surroundings that ensured a number of failovers that maximized the uptime to a close to 99.95%. In 2016 Madan setup http://www.testmyblood.in, to convey skilled house assortment of blood assessments which are carried out by the lab of the affected person’s alternative. He was chargeable for data expertise and programs. He designed a modular and scalable infrastructure and cellular app.
Madan has an MBA in advertising and marketing & operations from Nice Lakes Institute of Administration, a premier B College in India. He holds a Bachelors in Physics and holds certificates in Advertising & Finance from The Wharton College, College of Pennsylvania & Cybersecurity from NYU’s Tandon College of Engineering.
The Fund: Revolutionary Know-how Fund I, Inc.
Standing: Open to Buyers
Kind of Fund: Inventory (Class A 1:1)
Asset Classification: A number of Belongings
Fund Focus: Revolutionary & Hello-Tech Firms
Complete Fund: $15,000,000
Collection Spherical A: $10,000,000
Minimal Subscription: $100,000
Lively Potential Investments: 3
Fund Administration: OZ Invested
Anticipated Returns: 20%
For extra data, please go to Innovative Technology Fund I
Articles featured on this press launch are for informational functions solely. This isn’t a proposal to promote nor a solicitation to purchase Revolutionary Know-how Fund. That may solely be completed by our present Confidential Personal Placement Memorandum (“CPPM”). Securities supplied by Innovative Technology Fund, Inc. For accredited Buyers solely. Restricted liquidity. The shares being offered on this providing haven’t been authorized or disapproved by the Securities and Trade Fee or any state’s securities division. Nor has the Securities and Trade Fee or any state securities division handed upon the accuracy or adequacy of the CPPM or the disclosures offered therein. Any illustration on the contrary is a felony offense. The knowledge contained on this web site is for basic data functions solely. The knowledge is offered by Revolutionary Know-how Fund, Inc and whereas we endeavor to maintain the knowledge updated and proper, we make no representations or warranties of any form, categorical or implied, concerning the completeness, accuracy, reliability, suitability, or availability with respect to the web site or the knowledge, merchandise, companies, or associated graphics contained on the web site for any goal. Any reliance you place on such data is due to this fact strictly at your individual danger.
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SOURCE Revolutionary Know-how Fund