In a major boost for Louisiana’s innovation economy, 1834 Ventures has introduced a $20 million venture fund intended to help early-stage companies with close links to Tulane University. With the goal of creating a strong pipeline connecting Tulane alumni, faculty, staff, and students’ talent to the larger startup environment, this fund is particularly aiming at companies founded or directed by them.
Named for the year Tulane University
The Louisiana Economic Development Corporation has acknowledged 1834 Ventures as a Qualified Louisiana Venture Capital company, therefore giving it access to state-matched investments under the federal State Small Business Credit Initiative (SSBCI)
Underlining the fund’s transformational potential, Josh Fleig, Chief Innovation Officer for Louisiana Economic Development, said: “With the Louisiana Opportunity Funds, we’re not just growing our economy, we’re crafting an ecosystem that will bring our best and brightest back to Louisiana. By pairing capital with innovation, we’re ensuring more Louisianans can build their business and their future right here at home.”
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Michael Hecht
