The Innovation Nursery: Technology Growth in the Midwest S14 Ep15

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What brought a successful Wall Street investor and a lauded entrepreneur to Central Ohio?  Flavio Lobato and John D’Orazio, Ikove Capital Co-Founders, saw amazing innovation where few were looking.  To cultivate technology growth in the Midwest, Ikove Capital developed the Innovation Nursery.

innovation nursery

Nurturing the Startup

Ikove means “growth” in the Brazilian indigenous language Tupi-Guarani.  This aptly describes the focus of Ikove Capital. It is a firm dedicated to venture development.   Through a hands-on approach Ikove Capital nurtures startups in its Innovation Nursery.  The trend for venture capitalists is toward late stage investing. Ikove Capital co- founder Flavio Lobato saw the opportunity. There is a huge investment in research that flows into the Central Ohio region to the tune of $70 billion.  Yet, only one percent of resulting research attains commercialization. Early stage funding is tough to obtain.  Hence, the baby never matures.  In steps Ikove Capital to spur technology growth from inception.

Setting Up the Innovation Nursery

Ikove looks for regional technology research that has commercial potential globally.  They search for babies to fill the innovation nursery.  The search list includes universities – Ohio State and Wright State.  It also includes Air Force research labs, The Cleveland Clinic, the James Cancer Hospital.  A hub of research and development and an ample engineering talent pool offer plenty of choice.  Ikove Capital identifies and vets potential projects. They divide projects into three verticals – STEM, Med Tech, Agri-Tech.  A fourth is on the way – Fin Tech.

The Ikove Capital team offers corporate expertise in finance, entrepreneurship, business acumen.  They bring all the resources together that a startup needs to grow and thrive.

From Local to Global

Although the research and innovation start in the Midwest, the reach is global.  The final company established may be anywhere in the world.  The funding that gets these startups into the innovation nursery and through the process of growing is global too.  Investors from ten countries sourced the latest round of investing. Over 25 years in business and finance, Ikove founders have established global connections.  

Technology growth is a global demand.  Ikove’s future is to take the Innovation Nursery to new regions within the U.S. and beyond.  Flavio sees global opportunity for the Innovation Nursery. Plans are in the works to offer Ikove Capital venture development in Europe and Asia within the next five years.

Learn more about Ikove Capital at

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