IW gathering offers startup companies chance to seek V.C. investments

It took about four hours for 15 companies to ask for $23.2 million.

They might just get it, too.

After all, last year a group of companies with similar provenances (assistance from Innovation Works) raised $193 million in funding. That money, which is known as follow-on funding, came from venture capital firms, angel investors, corporations, the federal government, commercial lenders and state and economic development agencies.

Read more in the Pittsburgh Post-Gazette