2012 Impact Report
OCIB's economic impact has surpassed $1.6 billion.
Programs for VC Firms
The Venture Investment Program
Through its Venture Investment Program (VIP) the Board supports investments in private, professionally managed venture capital firms that have committed to serving entrepreneurs within the state and that have a history of producing solid returns for their investors.
As of August 2011, the Board has made commitments to 19 venture funds. The VIP has been efficient in leveraging state resources.
OCIB's capital represents approximately 7% of the total capital raised by these 19 funds, yet more than 12% of the companies invested in are Oklahoma companies.
As a result of OCIB’s venture activities, more than $138 million of equity capital has been invested in over 30 promising Oklahoma businesses. These companies have also been able to leverage the equity capital invested in their companies through sources of debt finance.
“Oklahoma needs this type of equity partnership providing venture capital to promising industries. We are especially appreciative of the initial help and encouragement we received from the Oklahoma Capital Investment Board who made an early commitment to us for $3 million."
- Gregory J. Edwards, Mesa Capital Partners Oklahoma
“Our job is to seek out groups that demonstrate a successful investment track record, a strong strategic fit with Oklahoma investment opportunities and a solid plan for being accessible to Oklahoma entrepreneurs."
- Devon Sauzek, President Oklahoma Capital Investment Board