Spotlight Innovation Inc. (OTCQB: STLT) announces that it has entered into a Memorandum of Understanding with Black Swan LLC. Under the agreement, Black Swan will assist with activities such as identifying applicable government grants and loans, affecting beneficial changes to the legislative environment, advancing emerging technologies, identifying business partners, and developing new markets, particularly in the government sector.
Cris Grunewald, President and CEO of Spotlight Innovation, said, “Black Swan shares both our commitment to healthcare and our Iowa-grown values, and we are excited to have them on our team. Black Swan and its extraordinary people have a proven track record providing keenly focused services that will directly assist us in fulfilling our mission of improving the health and well being of as many people as possible. We foresee cultivating a strong, long-term relationship, and we look forward to benefiting from their knowledge and expertise.”
Said James Jochum, founding member of Black Swan LLC, “We are pleased to be embarking on this relationship with Spotlight Innovation. We believe that our suite of services will be instrumental in assisting them in achieving both the near- and long-term development and growth goals of their innovative business strategy.”
About Spotlight Innovation Inc. Spotlight Innovation Inc. (OTCQB: STLT) specializes in identifying, acquiring and incubating companies which have unique intellectual property (IP) in the medical sector. The Company utilizes relationships with the nation’s leading academic and institutional IP developers to locate promising IP technologies with potential for market share capture. With our support, development resources and strategic planning expertise, we believe we can develop IP that will have a positive effect on healthcare. We intend to partner with proven sector leaders on commercialization once technologies are fully developed. Additional information available at http://www.spotlightinnovation.com.
About Black Swan LLC Black Swan provides “intellectual” venture capital to early stage companies seeking either to overcome political or regulatory barriers to their business or to tap into federal assistance to propel the company forward. Black Swan has an extensive network of contacts in key agencies and on Capitol Hill and deep knowledge of federal programs and the legislative process that can be mobilized to solve the unique problems of early stage companies. Additionally, Black Swan has a vast network of private sector contacts ranging from Fortune 500 companies to major trade associations that it leverages for IVC partners. More information available at http://www.jstpc.com/black-swan/.