Washington-based startup incubator 1776Â has filed regulator paperwork as part of its effort to set up a $25 million investment fund that will seed technological start-ups, Â the Washington Business Journal reported Monday.
The fund,  1776 Seed Investors LP, could act as the mechanism through which the organization makes equity investments in healthcare,  educational, ‘smart cities‘ and energy companies coming out of its ongoing “international startup competition, “ Bill Flook writes.
Donna Harris and Evan Burfield, 1776 founders, are named in the  paperwork filed with the Securities and Exchange Commission.
The organization works with Booz Allen Hamilton (NYSE: BAH) to help other businesses develop new products and bring them to market.
