The Battle Born investment mandate is to make equity and equity-like investments in small high-growth Nevadan for-profit businesses. In most cases, we prefer to invest alongside other private investors, such as, angel groups, seed and venture capital funds. Our specific mandate is:
Aerospace & Defense
Nevada businesses have a history reaching back to World War II of researching, designing, developing and applying technologies for defense applications. The state is home to Nellis Air Force Base, Creech Air Force Base, Naval Air Station Fallon and the Hawthorne Army Depot. With an operational FAA-designated unmanned aerial system test site, the state is a leader in the UAV field.
Agriculture is one of Nevada’s most important industries, contributing significantly to the economies of rural communities and the state as a whole. Supporting nearly 1,000 jobs on and off the farm, Nevada agriculture generates more than half a billion dollars annually and over $100 million annually in exports.
With wide open spaces and ample resources in solar, wind and geothermal, Nevada is a natural region for development of important renewable and sustainable energy resources. There is a strong commitment with the Statewide Renewable Portfolio Standard to reach 25% renewables by 2025. Projects are under way on all energy fronts.
Nevada is a center of advanced medical research as well as hosting leading clinical treatment and education institutions. These draw health care leaders to Nevada, including Cenegenics, the world’s largest age management practice; Varian Medical Systems, the world’s leading manufacturer of medical devices and software for treating cancer; Spectrum Pharmaceuticals, which markets pharmacological cancer products for non-Hodgkin’s lymphoma and for colorectal cancer.
With an unparalleled digital infrastructure, low rating for natural disasters, and an abundance of traditional and green power sources, Nevada is emerging as an advanced center for information technology businesses. Information technology in southern Nevada is anchored by technology giants Switch Communications and Zappos.com. In northern Nevada, Apple Computer opened an iCloud data center in Reno.
Logistics and Operations
Nevada’s primary focus is on new warehousing, distribution, and manufacturing operations that are seeking a West Coast hub of operations. Nevada can especially compete against neighboring states because of the available infrastructure, lower costs and regulatory hurdles, lower congestion, and overall ease of doing business. It is currently home to logistics centers for companies such as Amazon, Barnes & Noble, Levi Strauss & Co. and Toys R Us.
With excellent logistics infrastructure and just one day’s drive to Pacific Rim ports and to more than 60 million consumers, manufacturing represents an important segment of Nevada’s economy, employing more than 56,000 workers at over 1,800 manufacturing companies.
Nevada’s great mineral wealth established this unique geographic region as a state nearly 150 years ago and continues to be an essential sector in the state’s economy. Thanks to world-class deposits of gold and silver, mining is Nevada’s largest export industry.
Tourism and Gaming
With the star power of Las Vegas and the diversity of natural settings, Hospitality and Tourism is the state’s iconic consumption-oriented industry and a major economic engine that creates tens of thousands of jobs for Nevadans.
In Nevada’s arid environment, water is a precious resource, and the subject of a great deal of research and innovation. For instance, the Nevada Center of Excellence was established by Desert Research Institute and IBM in January 2013. It seeks to be the world leader in water technology, concentrating on conservation, resource planning, pumping, treatment, storage, distribution and reuse.
We look for the following characteristics in investment opportunities:
Regardless of applicability, we expect to be able to invest in only a very small portion of the companies that apply to the program owing to the nature of venture capital, and of the limited funds available.
We refer these projects to the grant funding, private funding and mentoring resources listed on our investment manager’s site.