AUBURN HILLS ? Quantum Ventures of Michigan and NorthTech Partners have launched ClearTech Ventures with a $25 million commitment from Quantum. ClearTech will invest in technologies across the defense, security, energy and advanced outdoors markets.
Mike Toribio, who has over a decade of operational and leadership experience implementing cutting-edge weapons systems, avionics, sensors and optics technologies while serving as an F/A-18 Super Hornet combat aviator in the United States Navy, will lead ClearTech in his role as Managing Director.
?ClearTech?s vision is to use our collective expertise to develop and deliver technologies a different way while making a positive impact,? said Toribio. ?That means either filling a technological ?gap? in-line with preexisting design intent or transposing technology to enhance people?s lives in different markets.?
Toribio believes the partnership between Quantum and NorthTech Partners puts ClearTech in a unique position to leverage relationships with industry experts housed in an expansive network
ClearTech has made its first investment in EOS (www.3eos.com), a world leader in 3D visualization and 4D simulation technologies. Working with technology partners and clients, EOS has developed unique solutions for risk mitigation and technical documentation in a variety of industries. Originally developed in conjunction with the US Army Research Lab, EOS? 3D visualization technology is finding rapid acceptance in the aerospace as well as the oil and gas industries. EOS? 4D simulation solutions allow clients to simulate complex environments in order to validate and even optimize plans and schedules.
Based in Auburn Hills, ClearTech will invest in technologies developed either via private sector small businesses or via federally-funded sources.
?ClearTech will engage federal agencies through government mandated technology transfer programs,? said Toribio. ?We believe the commercialization process we execute will benefit the United States wholly via an increase in human capital, job creation, tax revenues and an ongoing innovation stream to spur the process itself.?
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