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Introduction

The QCA First Fund is a small investment fund which was established in 2003 to help fledgling companies reach important milestones in their development and attract additional investment from conventional sources.  It was enabled by a matching investment from the State of Ohio's Third Frontier Action Fund.  Members of the Queen City Angels, with support from the Tri-State Growth Capital Fund, provide management and oversight of the Fund, as well as mentoring and guidance to the portfolio companies.

By 2006, the bulk of the Fund had been invested, so a second Fund was established to continue the work.  QCA First Fund II received support from the same sources as the original Fund, and is now actively looking for investment opportunities.

The typical investments are in the $50,000-$100,000 range.  Companies needing more capital should consider other funding sources, including the Queen City Angels.  Information about submitting plans to QCA can be found on the website of C-Cap or QCA.