San Antonio – Kiromic, a Houston-based biotech company with artificial intelligence software that it’s using to develop two experimental cancer immunotherapies, may move to San Antonio-if it gets $200,000 from a city-operated economic development group.
The money isn’t free. In exchange, Kiromic will give the San Antonio Economic Development Corporation-an economic development-focused nonprofit corporation created by the San Antonio city council in 2010-$200,000 worth of preferred equity in Kiromic’s Series A round of funding (it didn’t disclose what percentage of total equity that is). Kiromic is currently trying to raise a $12 million Series A financing round to use toward operations… Read more »
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