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Battle Born is an evergreen venture capital program, overseen by the Nevada Governor's Office of Economic Development (GOED) under the auspices of the US Treasury's State Small Business Credit Initiative (SSBCI). Battle Born invests in early stage Nevadan enterprises in the following sectors: aerospace & defense, agriculture, energy, healthcare, IT, logistics & operations, manufacturing, mining, tourism & gaming, water. It seeks a market return on investment, and proceeds from investments are reinvested into the program for the benefit of the citizens of the State of Nevada. After a detailed due diligence process, the US Treasury allocated $5 million to Battle Born, and approved GOED as the program manager and Nicola Kerslake of Newbean Capital as the investment manager as a sub-contractor to the Nevada Small Business Development Center (Nevada SBDC). The U.S. Treasury approved Karsten Heise of the Nevada Governor's Office of Economic Development (GOED) as Battle Born's program manager. Karsten Heise is the Technology Commercialization Director for the Nevada Governor's Office of Economic Development. The program can invest up to $1 million per company, though average investment amounts per company will be far lower:
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