Matthew Chang, the founder of Jacksonville-based Chang Robotics, announced the creation of The Chang Robotics Fund on Jan. 27.
The fund will target early-stage innovators in smart manufacturing, robotics, industrial AI and energy transformation.
The fund said it is raising money with a target of $50 million.
The fund says it aims to address the needs and market opportunities the Chang Robotics engineering team identified in its daily operations, including labor shortages, energy efficiency and environmental remediation.
Chang Robotics creates new ways to manufacture and distribute products through automation.
“Through The Chang Robotics Fund, we’re investing in startups that will shape the future of their industries. I’m confident the companies we support will achieve great success in the years ahead,” Chang said in a news release
The fund team includes Chang, the fund’s general partner, Don Capener, fund strategist; Forrest Hayes Jr., fund director; Robert Sterling, chief financial officer, and Phil Hudgens, fund controller.
Chang Robotics was founded in 2017. Chang was a Jacksonville Daily Record Top Entrepreneur in 2021.
For more information, visit CR.Fund.