Northern Nevada’s entrepreneurial ecosystem primed to see advances

By Rob Sabo | Special to the NNBV

This rendering shows what the $40 million New Deantronics Nevada USA facility would look like upon completion this year at the Spanish Springs Business Center.
Courtesy New Deantronics

Northern Nevada is at a watershed moment for angel and startup investing.

Homegrown tech companies such as Clickbio, NevadaNano, Filament and Breadware, along with larger newcomers such as New Deantronics, Figure and Elemental LED, are transforming the entrepreneurial development scene in Northern Nevada.

And of course, there’s Blockchains LLC and its sweeping plans to create a blockchain-based smart city at Innovation Park at Tahoe Reno Industrial Center, which could bring about rapid advances in the application of blockchain technology to myriad businesses.

Something’s definitely happening, says Gene Wong, managing general partner of the Reno Seed Fund. Wong has been involved with early-stage companies and angel investing for more than four decades. In the next five or 10 years, Wong says, the entrepreneurial ecosystem of Northern Nevada will see unprecedented advances.

Case in point: Medical device maker New Deantronics is investing $40 million to build a new research, development and manufacturing facility at Spanish Springs Business Center that will include a business incubator for startups in the medical device space.

While these types of incubators are commonplace in Silicon Valley and New England, Wong says, they are integral pieces of creating a larger network of local angel investors in Northern Nevada.

Read the rest of the story at nnbusinessview.com.