Cayuga Venture Fund (CVF), based in Ithaca, New York, has been providing capital and other resources to advanced technology and high growth companies in New York State since 1994. With the late 2005 launch of our third fund, we will continue to provide these resources to companies commercializing high value technologies, particularly those generated at Cornell University. CVF's primary investment focus is early stage and follow on rounds of financing in technology-based companies with high growth potential in upstate New York or those that have a significant Cornell connection.

Our proximity to and relationships within Cornell as well as with other research centers in upstate New York has provided CVF with a decade's worth of exceptional and lucrative investment opportunities. This is driven by Cornell's outstanding research funding record in both the State of New York and in the country (ranking No. 1 in New York and No. 10 in the US overall in 2003) along with the associated intellectual talent and skilled workforce resources of upstate New York. Due in part to significant CVF investments and the commitment to economic development of several area organizations, Ithaca has become a vibrant entrepreneurial community home to many successful high technology start-up companies.

Our team has significant expertise and extensive access to resources in areas such as telecommunications, datacommunications, semiconductor manufacturing, advanced materials processing and manufacturing, information management, biotechnology, life sciences and nanotechnology. This provides entrepreneurs with a broad base of support to assist in the development of their market-defining products and breakthrough technologies.

As members and leaders of the Ithaca community, we are invested in the long term success of all of our businesses and the upstate New York region.