Rocket Ventures becomes a single-owner venture capital firm as the University of Toledo Innovation Enterprises leaves the partnership.

Rocket Ventures, a US-based venture capital firm, is now solely owned and operated by the US-based Regional Growth Partnership (RGP).

The venture capital firm was previously jointly owned and operated by RGP and the University of Toledo Innovation Enterprises but this came to an end in 2014. Rocket Ventures was established in 2007 by the Regional Growth Partnership through the Ohio Third Frontier Commission’s Entrepreneurial Signature Program.

Dean Monske, chief executive and president of the Regional Growth Partnership, said: “This…