Billionaire doesn’t forget where he came from | Heartland Ventures closes $52M fund

Billionaire doesn’t forget where he came from

EVANSVILLE, IN–Over the last five years, Evansville native Bill Stone has given over $50 million toward the city’s medical research and healthcare sectors. Stone left the city in 1974, eventually founding publicly traded financial software firm SS&C Technologies, which he still runs as CEO. Stone, who is worth an estimated $2.1 billion, wants to revitalize the city core and make Evansville into a national leader in youth psychiatric research.

Heartland Ventures closes $52M fund

COLUMBUS, OH–Heartland Ventures, a venture capital firm that connects technology startup hubs with customers in America’s heartland, announced the successful closing of its $52 million Fund II. As with Heartland’s first fund, Fund II investments will be focused on high-growth technology startups with B2B strategies serving real estate, construction, manufacturing, and logistics.

Ohio moves ahead with clean hydrogen hub

OHIO–The Great Lakes Clean Hydrogen Partnership made up of Linde, Energy Harbor, GE Aerospace, Cleveland-Cliffs steel manufacturing and the University of Toledo is moving forward with its U.S. Department of Energy hydrogen hub. The DOE’s Regional Clean Hydrogen Hubs program, or H2Hubs, includes up to $7 billion to establish six to 10 regional clean hydrogen hubs across the country. The Ohio region is a prime location for a clean hydrogen hub due to its access to ample carbon-free nuclear power, access to Interstate 80 and Interstate 75, high concentration of manufacturing and technology companies, Great Lakes marine shipping fleet, and a highly skilled workforce, the consortium said.