TLDR:
- Tulsa Innovation Labs, in partnership with Black Tech Street, received a $51 million Federal grant to invest in innovation.
- Regent Bank’s holding company invested in two prominent venture capital firms to stimulate tech ecosystem growth.
An update on Tulsa’s tech ecosystem reveals significant developments in the industry. Tulsa has been awarded a $51 million Federal grant to invest in innovation through Tulsa Innovation Labs in partnership with Black Tech Street. This grant will have a significant economic, educational, and job-creating impact, positioning Tulsa as one of only 12 designated tech hubs in the U.S.
Additionally, Regent Bank’s holding company, Regent Capital Corp., has invested in two Oklahoma venture capital firms, FortySix Venture Capital and Cortado Ventures. These investments aim to provide equity capital to tech startups in areas like HealthTech, Energy Tech, Cyber Security, FinTech, and Aerial Mobility, further stimulating the tech ecosystem in the region.
Two rapidly growing Tulsa tech startups, Volt Systems and Titan Intake, have raised new venture funding rounds. Volt Systems secured a $3 million seed investment led by Mercury, while Titan Intake received a $1.3 million seed investment from 46VC. Scissortail Wealth Management also announced a new tech investment fund offering, in collaboration with 46VC, exclusively for the firm’s clients.
Furthermore, a new HealthTech-focused venture capital fund called PhyCap Fund has been launched, managed by 46VC and composed of physicians and health-affiliated institutions, aiming to develop innovative solutions for the healthcare industry.
On the local tech event scene, The Startup World Cup is set to take place in Tulsa, providing local tech startups with the opportunity to pitch for a $1 million prize. Oklahoma VC firm Cortado Ventures will also host its MidCon VC Summit in Tulsa in the spring of 2025, showcasing the city as a growing tech center.
