Project Skyway becomes Skyway Fund, starts angel investing


SkywayFundAfter a year of radio silence, Minnesota’s first (and only) startup accelerator, Project Skyway, has resurfaced as Skyway Fund.

Financed by Cem Erdem and driven by Casey Allen, Skyway Fund will serve as a source of early stage investment capital for local tech entrepreneurs, putting $25k – $75k  in 4-8 Minnesota B2B software startups per year.

“We feel that we can make a larger impact on the ecosystem by being an angel fund instead of an accelerator. Project Skyway as an accelerator was a great rallying point for the community, but where we see the greater need now is for those larger early-stage investments into software,” Allen says.