SALT LAKE CITY--(BUSINESS WIRE)--InnoVentures Capital www.innoventures.com, an SBA Small Business Investment Company, funded three of the 25 winners of the Utah Valley Entrepreneurial Forum’s 25 Under 5 event.

The Utah Valley Entrepreneurial Forum (UVEF) announced the winners of its 2010 “Top 25 Under Five” Awards, spotlighting outstanding Utah entrepreneurs and startup companies. Three of the winners, Funding Universe (#5), Jive Communications (#11) and Franchise Foundry (#16) received funding from InnoVentures. Winners were judged on several factors including revenue growth and job creation.

“Being recognized for growth in sales during a recession is an impressive accomplishment,” said Steve Grizzell, InnoVentures Managing Director. Damon Kirchmeier, also an InnoVentures Managing Director, praised all of the finalists for their entrepreneurial spirit and contributions to Utah’s business community.

This is UVEF’s 11th Top 25 Under Five competition. InnoVentures, Omniture, and Silicon Slopes sponsored the event.

About InnoVentures Capital Partners (www.innoventures.com)

InnoVentures Capital Partners is the manager of the UTFC family of funds located in Salt Lake City, Utah, and invests in small companies throughout the region by providing subordinated debt to startup and growing businesses.

InnoVentures Capital fills a unique niche in the Utah venture capital network by providing up to $500,000 to entrepreneurial companies. The capital investment is enhanced by our team that has invested together in early stage businesses for over a decade.