Battelle Ventures, Affiliate Invest in Nistica, Supplier of Agile Optical Modules;
Lead $9-million Series B Round To Boost Broadband Triple Play Networks 

About Battelle Ventures and Innovation Valley Partners

Battelle Ventures, L.P., a Princeton, N.J.-based venture fund, and its Knoxville, Tenn.-based affiliate fund, Innovation Valley Partners (IVP), have a combined $255 million under management for creating and accelerating the development of early-stage technology companies with breakthrough solutions to multiple marketplace problems. The funds enjoy unique relationships with the technology transfer offices of six U.S. Department of Energy (DOE) National Laboratories and have established similar associations with a number of university tech transfer and commercialization departments. Battelle Ventures was established in August 2003 with a sole limited partner – Columbus, Ohio-based Battelle Memorial Institute (Battelle), the world’s largest nonprofit independent research and development organization. Battelle manages/co-manages six National Laboratories for the U.S. DOE. IVP, launched in August 2005, is backed by Eastern Tennessee business leaders and works closely with regional research and entrepreneurial

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