Wednesday, January 23, 2008

Virginia's CIT Gap Funds names new investment advisors

Virginia's CIT Gap Funds names new investment advisors
January 23, 2008
HERNDON, VA--The Center for Innovative Technology (CIT) today announced two additions to its GAP Funds Advisory Board and Investment Committee. Eric Koefoot is the newest member of the CIT GAP Tech Fund Investment Advisory Board, while John Uhrin joins the CIT’s GAP BioLife Investment Committee.

Eric Koefoot is an experienced software executive and Internet pioneer, having either founded or served as a senior executive for early-stage Internet companies since 1996. John Uhrin is a venture partner at Harbert Management Corporation with more than 25 years of pharmaceutical and biotechnology industry experience.

“Our GAP Funds successes are grounded in the experience and guidance of successful early stage investment counselors,” noted Peter Jobse, CIT president and CEO.

Eric Koefoot was most recently the founding CEO and Publisher of U.S. News Ventures, a branded internet publishing company.

John Uhrin is active in the technology transfer efforts of numerous universities and a board member or advisors to a number of regional life science focused organizations. Before joining HMC, Uhrin was employed by BioCryst Pharmaceuticals, Inc., where he served as VP of Corporate Development.

CIT GAP Funds is a family of venture funds designed to bridge the gap between "family and friends" funding and early-stage equity investments for Virginia-based technology and life science companies.

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