Tech startups use $1M in funding to attract $24M in venture capital
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Two Long Island investment funds took a chance in 2014-15 on 10 technology startups, giving them a total of $1 million.
Since then, the startups have raised $24 million from venture capitalists, government agencies and other businesses.
That ability to attract capital is an encouraging sign that companies can be built from inventions created at the Island’s big research laboratories.