A/I  VIC Technology Venture Development


     Office Locations:

535 W. Research Center Blvd., Suite 135
Fayetteville, AR 72701-1420
Phone: 479-571-2592

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  • Early
  • Seed



  • Information Technology



    VIC Technology Venture Development (VIC) is a business incubator for startup companies that own innovative technology with significant commercial potential. The firm develops new companies by partnering technology entrepreneurs with business experts, technology experts and seed stage investors. The firm provides portfolio companies with senior management experience, intimate knowledge of technology startup companies, and proven processes to execute business strategies. For investors in portfolio companies, the mission is to provide an investor network with high return investment opportunities in thoroughly screened and assessed, well-conceived and managed, technology-based startup companies with excellent growth potential. A Virtual Incubation Affiliated Investor is an investor who has been qualified and accepted by VIC into its Affiliated Investor Program. Affiliated investors are provided access to information regarding portfolio companies and early-stage investment opportunities with those companies. Individual investors must meet SEC requirements for accredited and sophisticated investors. The minimum investment varies by company, but typically ranges from $25,000 to $100,000.



      Fund Name



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    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Jee Shin Managing Director
    Bernie Prusaczyk Managing Director
    Dr. Calvin Goforth Founder, CEO
    Mark Kidd Vice President of Finance and Administration
    Ralph Henry Ph.D VP, Life Science and Medical Technology


    Portfolio companies include:

      Ascendant Diagnostics
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      Biodetection Insruments
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      Derma Tex
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      Minotaur Technologies
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      NanoWatt Design
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      Nutraceutical Innovations
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      SFC Fluidics
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