Cincinnati-based CincyTech, a venture development company that invests in startup biotech, information technology and advanced manufacturing businesses, has announced the closing of a $4.4 million Fund II targeted for 10 to 12 new startups in southwest Ohio. “The timing of Fund II’s closing is crucial because we have such an active pipeline of potential investments,” said CincyTech president Bob Coy. CincyTech Fund I, launched in 2007 with $10.4 million, reportedly provided funding to 24 companies that created more than 150 jobs in the region. See CincyTech Press Release, June 22, 2011.