VC  William C. Norris Institute

http://www.stthomas.edu/business/centers/norr is/default.html





     Office Locations:

46 South 11th Street
Suite 435, Office 430
Minneapolis, MN 55403
Phone: 651-962-4346

 

Stages:

  • Early
  • Seed


 

Industries:

  • Communications & Networking
  • Information Technology
  • Life Sciences & Healthcare
  • Software & Internet
  • Storage & Hardware

  •  

    Description:

    The William C. Norris Institute is continuing the legacy of the founder of Control Data Corporation by supporting the start-up and growth of visionary companies in Minnesota. Control Data Corporation (now Ceridian) established the William C. Norris Institute in 1988 to enable its founder and retired chairman and CEO to continue his endeavors in support of innovation in education and creation of new companies with socially beneficial products and services. The Norris Fund for Technology Innovation, the Institute's seed capital fund invests in innovative technology-based companies that are in the early stages of commercializing proprietary products and services. Since joining the University of St. Thomas in 2001, the Norris Institute has:Invested in 36 new ventures, 19 of them founded by UST alumni; Invested a total of $3.35 million in seed capital, leading to over $28 million in additional capital for portfolio companies; Re-invested more than $875,000 from returns on investment; and Seven current portfolio companies have an estimated ROI over 300 percent. The Institute fund is a revolving investment program that provides equity investments and convertible note loans of up to $75,000, with deferred payback terms and warrants. In 2008, the Norris Institute established the James Rogers Fox M.D. Fund for Healthcare Innovation, which expands the Norris Institute's ability to provide seed capital for emerging healthcare technology companies. The fund was started with a $1 million bequest from Dr. Fox.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Michael P. Moore Director

     

    Portfolio companies include:


      Affinety Solutions
        web link


      Aloft Technologies
        web link


      Apinee
        web link


      CDMdata
        web link


      Cinemotion
        web link


      Cognific
        web link


      CRAM Worldwide
        web link


      Dejen Digital
        web link


      FarmingSource
        web link


      Financial Marketing Solutions
        web link


      Growan Energy
        web link


      IGF Oncology
        web link


      IntelAccount
        web link


      MedNet World
        web link


      Naiku
        web link


      Protective Chemistries
        web link


      Protege Biomedical
        web link


      ReconRobotics
        web link


      River Systems
        web link


      Seeonic
        web link


      Streamline
        web link


      Upside Data
        web link


      Wound Care Technologies
        web link


      Xollai
        web link


     

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