RISKLENS IS FIRST COMPANY TO COMPLETE PAYOFF IN REVOLVING LOAN FUND
Ignite Northwest is excited to announce that Risklens is the first company to completely repay its Technology Growth Fund (TGF) loan. With this Ignite Northwest is now able to re-loan out the money to other Inland Northwest technology companies looking for debt financing.
The mission of Ignite Northwest is to make the Inland Northwest the best place to develop innovative ideas and to provide resources for entrepreneurs seeking assistance in commercializing technology advances and concepts. In furtherance of this mission the TGF provides unique financing for “almost bankable” technology companies that have limited or no access to conventional bank financing due to their limited track record. Lack of work capital can cause otherwise viable new technologies to become stalled, delayed, or abandoned.
“Ignite Northwest sees this gap as another one of the hurdles that must be overcome by technology companies on their way to faster business growth and thus established the fund to address the problem,” says Bill Savitz, CEO of Ignite Northwest. “Business growth drives the regional economy, creating jobs, and improving the quality of life in the region. So we are pleased to see the life cycle of the fund continuing as it was designed.”
RiskLens is the leading provider of cyber risk management software. RiskLens empowers business executives, risk officers and CISOs to manage their organization's risk from the business perspective by quantifying cyber risk in dollars and cents. RiskLens is the only cyber risk management software purpose-built on FAIR, the international standard quantitative model for cybersecurity and operational risk. Our goal is to revolutionize and become the standard way in which large enterprises & government organizations measure, manage and articulate information and operational risk.