VIC Technology Venture Development has big plans for the summer.
The Fayetteville firm, which builds companies around licensed technologies, is gearing up to open an office in China, the world’s second-largest economy. The firm has secured a partnership with one of the country’s leaders in business development and tens of millions of dollars in funding from the country’s vast pot of investment capital.
The deal is not finalized, but Whispers heard VIC portfolio companies could start setting up shop in the new office within the next few months.
Led by founder and CEO Calvin Goforth, VIC’s portfolio companies include SFC Fluidics, developer of a smaller, more accurate insulin pump with applications in the drug-looping industry; TiFiber, which makes antimicrobial... [ MORE ]