Lapovations Secures $100K From Winrock International Validation Fund
Summary
Furthermore, the Winrock network, and their experience working with startups, will help us significantly accelerate our go-to-market strategies said Jared Greer, Founder and CEO of Lapovations.Lapovations secured SBIR Phase II grant funding from the National Science Foundation in 2020 to further improve the devices design and are planning to launch Gen 2 AbGrab\xae at the conclusion of the grant-funded project. Winrock intends to leverage the existing ecosystem of entrepreneurial support organizations like Innovate Arkansas and the Delta I-Fund to assist and counsel Arkansas-based startups seeking investment.Lapovations is a medical device company creating a platform of innovative products to improve laparoscopy or minimally invasive surgery of the abdomen. The Validation Funds purpose is to aid in the creation of jobs and economic prosperity for Arkansas by providing needed early-stage capital to promising companies. We believe the lack of capital at the validation stage has created a competitive disadvantage for Arkansas entrepreneurs and limited the opportunity to build a sustainable knowledge-based economy. The Fund also plans to raise an additional $6 million over time to invest throughout the rest of the state in targeted industries like healthcare, retail, data science, energy and power electronics.