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PRINT THIS PAGE CTEK forms strategic relationship with Access Venture Partners25/04/2007. Source: AltAssets. 
 CTEK and US seed and early stage venture capital firm Access Venture Partners will work together to help fill the funding gap between angels and venture capitalists. They plan to invest in companies with capital efficient business models that can achieve profitability on the smallest amount of equity capital possible.
CTEK president Gary Held said, 'Our goal is to provide funding to promising entrepreneurial companies who may otherwise be caught in the middle of this funding gap.
'We will continue to screen and evaluate approximately 300 companies that will apply to CTEK this year. Access will have access to them all and be able to tap into CTEK's extensive network of advisors and industry experts. The strategic relationship with Access is not an exclusive one, and we are looking to partner with additional venture firms who want a steady stream of well vetted, early stage companies,' Held added.
Access will become a supporting CTEK sponsor, and Frank Mendicino III, a partner with Access, will be appointed to the CTEK board. CTEK will be a Special Limited Partner of Access and David Gold, head of CTEK's venture fund initiative, will become a venture partner of Access.
Access invests between $250,000 and $2m in technology companies.
The CTEK Angels, managed by 501c3 organisation CTEK, is a formal angel investment network in Colorado, focused on providing early and seed stage capital to start-ups.
Copyright © 2007 AltAssets
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