New Albany TechStart, a successful partnership that began in 2007 and has led to $458,000 in grants to local startups, will continue for an additional four years thanks to a new letter of intent that was approved recently by the New Albany City Council.
Housed at Innovate New Albany, the city’s business development center for startups, New Albany TechStart facilitates access to state and federal grants, loan or tax incentive programs as well as private equity in the form of pre-seed funding, early stage or “angel” investing and venture capital.
More than 50 New Albany-based companies have received assistance through the program since it was founded.
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