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Emergent Growth Fund began its first fund, EGF-I, in 2003, created by a large group of leaders in the Gainesville-Ocala business community. Emergent Growth Fund is a member-managed, angel investment group, focusing on early stage companies developing unique, leading-edge products, or proprietary technologies that possess the potential for rapid growth in significant markets. Investment decisions are made by the Fund instead of by individual members, and the group's first fund had more than $3 million in initial capitalization. Emergent Growth Fund II, was started in 2006 with more than $2 million in member capital. The size of an investment can range from a low of $100,000, to more than $500,000 with add-on investments from the group's individual members. An average investment is likely in the range of $200,000 to $500,000. By investing side-by-side with one or more partner angel funds, they can invest up to $2 million in an opportunity. Emergent focuses on companies or technologies that originate from the University of Florida or the surrounding geographic area.
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