VIC Technology Venture Development

About VIC Technology Venture Development

VIC Technology Venture Development (VIC) is a unique, private for-profit technology venture development firm specializing in the healthcare and wellness industry. Founded in 2000 and headquartered in Fayetteville, Arkansas, VIC has additional offices in Annapolis, Maryland; San Diego, California; and Waltham, Massachusetts. Their primary mission involves creating new technology companies focused on commercializing exclusively licensed technologies from top research institutions worldwide. They provide extensive business development support and initial leadership to these startup companies, facilitating their growth and success. An integral part of VIC's model is offering management and corporate services to the portfolio companies on a pro-rata cost basis, which allows the technical teams of these startups to concentrate on product development while the business aspects are managed by VIC's skilled team. Their approach to portfolio development is designed to maximize the opportunity for startup success by managing risks, providing higher upside potential, and reducing capital burn rates. VIC makes seed investments ranging from $250,000 to $500,000 through the VIC Investor Network (VIN) into each new portfolio company, supporting their journey from the lab to the market. The firm engages with accredited investors, offering them access to a unique asset class, highly vetted opportunities, risk diversification, and investor protections. Technology licensing managers are invited to work with VIC to commercialize their technologies more successfully and quickly. Experts in various fields like medical devices, diagnostics, and therapeutics, and in emerging areas such as analytical instrumentation, advanced materials, and cleantech can become involved with VIC's portfolio. Their goal is to develop companies based on transformative technologies that help create a sustainable, healthy future and bring innovations from research labs to commercial deployment.