Washington State University Spokane's business incubator, SP3NW, has received new funding to equip a wet lab for scalable startups in the Spokane area, says Michaele Armstrong, SP3NW's associate director.

A relatively young, recently formed, mostly volunteer group with big goals for the Spokane community is taking the first steps toward development of a new facility that would cost up to $50 million and have capacity for up to 500 workers.

Spokane angel investor Tom Simpson says he has completed fundraising for Kick-Start V, a $3.8 million venture capital fund to invest in local and regional startups.

Spokane-based property technology company Collabra Technology Inc. has developed a new tool for real estate professionals to measure their online presence and to grow their digital marketing capabilities, says Collabra CEO Russ Cofano.

Washington State University's business incubator SP3NW has merged branding and resources with the university's Center for Innovation in a move that will change the operating model and expand programming for most industries, says SP3NW director

Clint and Brenda Grassel, founders of Precision Cutting Technologies Inc., in Liberty Lake, have sold their business to a Washington state-based private equity company that they say will continue operations under the Precision name and expand the business

Husband-and-wife entrepreneurs Devin and Rebecca Miller have made a new home in Spokane to both raise their family and grow their businesses and professional careers after moving from Western Washington in April.