The Fund is searching for a $10,000,000 Sequence A Spherical.
SAN JOSE, Calif., Could 25, 2021 /PRNewswire-PRWeb/ — Innovative Technology Fund I, a Certified Alternative Zone Fund launches and is searching for accredited traders for Expertise and Actual Property funding. The Fund is searching for a $10,000,000 Sequence A spherical. Co-Common Associate’s Dr. Mohan Ananda and Madan Menon will make investments proceeds of the fund to encourage and construct up Alternative Zone Expertise firms 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 firms. We’re searching for Expertise firms providing exponential returns on investments which are made. The founders of the fund are behind a number of publicly traded firms and have the expertise to determine and develop investments within the expertise area. The thesis of the fund is to determine, make investments and nurture expertise firms within the client tech, AI, and enterprise expertise industries. The Fund’s mission is to constantly 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 client tech area. In in the present day’s on-line buying world, customers are overwhelmed with the choices which are made obtainable, the identical product might be bought from a number of locations at completely different charges. Once you try to learn evaluations, you aren’t certain if these evaluations have been paid for or are real; and lastly, for those who discover a tremendous hidden gem of a product, how do you get your pals to purchase it? All these three type the underlying thesis of Frientap.
Frientap lets you evaluation, react and transact on merchandise that you simply love. This offers your pals the power to present you publish buy validation in addition to create new channels of gross sales in 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 may end up in pointless therapies and even life-altering outcomes. Researchers have discovered that diagnostic errors account for almost 29% of all medical insurance coverage claims. Second Opinion Skilled presents unique, one-on-one, on-line, skilled diagnostic evaluations to sufferers throughout the USA. Second Opinion Skilled’s expert panel is comprised of a whole bunch of Doctor Specialists with exemplary tutorial credentials in addition to vital 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 could query.
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Certified Alternative Zones
The Tax Cuts and Jobs Act of 2017 created Certified Alternative Zones (“QOZs”) to supply probably vital tax advantages to traders 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 traders 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 might defer paying tax on capital features, if such capital features are invested in a QOF, inside 180 days from the achieve. 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 will even qualify for a ten% enhance within the tax-payer’s tax foundation of the quantity of the deferred achieve. Any taxpayer that holds its funding for no less than 10 years, can obtain no capital achieve tax on the appreciation of its funding. Certified Alternative Zone Funds present traders with a novel 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 a variety of US patents. Dr. Ananda was instrumental in elevating in extra of $450 million of capital for the corporate by means of non-public 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 means of a public providing within the AIM of the London Inventory Alternate 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 a variety of years. He’s additionally the Chairman and CEO of Ananda Enterprises, Inc. a California Company that gives expertise and administration consulting providers.
Dr. Ananda has been a accomplice within the regulation agency of Ananda & Krause, since 1986. Dr. Ananda obtained his B.S. diploma with Honors in Mechanical Engineering from Coimbatore Institute of Expertise, Coimbatore, India. He obtained his MS diploma in Aeronautics from California Institute of Expertise, 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 regulation 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 middle, and for the Aerospace Company, a suppose tank for the US Air Pressure. 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 Expertise (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 Expertise 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% 12 months on 12 months, guaranteeing over 95% repeat enterprise. Throughout his management, he grew the workforce, carried out innovative tasks 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 concentrate on traceability and accountability, he designed and carried out a growth and manufacturing atmosphere 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 checks which are carried out by the lab of the affected person’s selection. He was chargeable for data expertise and programs. He designed a modular and scalable infrastructure and cellular app.
Madan has an MBA in advertising & operations from Nice Lakes Institute of Administration, a premier B College in India. He holds a Bachelors in Physics and holds certificates in Advertising and marketing & Finance from The Wharton College, College of Pennsylvania & Cybersecurity from NYU’s Tandon College of Engineering.
The Fund: Revolutionary Expertise Fund I, Inc.
Standing: Open to Traders
Kind of Fund: Inventory (Class A 1:1)
Asset Classification: A number of Belongings
Fund Focus: Revolutionary & Hello-Tech Firms
Whole Fund: $15,000,000
Sequence 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 Expertise Fund. That may solely be accomplished by our present Confidential Non-public Placement Memorandum (“CPPM”). Securities provided by Innovative Technology Fund, Inc. For accredited Traders solely. Restricted liquidity. The shares being bought on this providing haven’t been authorised or disapproved by the Securities and Alternate Fee or any state’s securities division. Nor has the Securities and Alternate 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 prison offense. The data contained on this web site is for common data functions solely. The data is offered by Revolutionary Expertise Fund, Inc and whereas we endeavor to maintain the data updated and proper, we make no representations or warranties of any sort, specific or implied, in regards to the completeness, accuracy, reliability, suitability, or availability with respect to the web site or the data, merchandise, providers, or associated graphics contained on the web site for any objective. Any reliance you place on such data is due to this fact strictly at your individual threat.
Mark Politi, Eazy Do It, Inc., 3102996690, [email protected]
SOURCE Revolutionary Expertise Fund