The program includes $50,000 for product development, and is open to all companies. However, the ODX says it is particularly interested in companies in agriculture, transportation and logistics, education, finance and logistics. Past companies that have been supported through ODX include Plasticity Labs, Ecopia, and MapYourProperty.
“The ODX Ventures program enabled us to invest in the development of a piece of technology that we knew the market needed, but wasn’t willing to purchase until a working prototype was deployed,” Bryan Smith, CEO of ThinkData Works, said in a testimonial. “Open Data is a very new sector with fresh problems and solutions. ODX Venture funding allowed us to build out what we knew was needed to get large corporate clients to start ingesting public data.”
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