A bipartisan group of supporters headed by eight former secretaries of
the Wisconsin Economic Development Corp. or its predecessor, the
Wisconsin Department of Commerce, are supporting the creation of a
state-backed “fund of funds” to invest in early-stage companies... ...“Throughout its history, Wisconsin has been at the forefront of
innovation,” said current WEDC Secretary and CEO Missy Hughes. “Governor
Evers’ proposed $100 million venture capital fund would allow Wisconsin
entrepreneurs to secure needed next-step financing from in-state
sources so they don’t have to look to – or move to – the coasts for
capital.”
...moreThe Wisconsin Fund Coalition is a group of people, companies and organizations formed to advance legislative discussion of a state budget proposal to invest $100 million in a privately matched, venture capital fund of funds. The idea is contained in Gov. Tony Evers’ 2021-23 budget bill. The state investment would be matched by private dollars at a 2-to-1 ratio over the course of the fund. The Wisconsin Fund would be along the lines of what nearby states – Indiana, Ohio, Michigan and Illinois – and others have done to attract outside dollars and to grow young companies. Thus far, more than 50 people, companies or organizations are supporting the Wisconsin Fund Coalition. Learn more and join at https://wisconsinfundcoalition.com/ Ken Notes: Strong potential here, I hope we can keep politics out of the mix, but here I am skeptical... | ||
Share this article on you social outlets | ||
Our Sponsors - - Volume: 9 - WEEK: 19 Date: 12/3/2021 3:28:02 PM - |