In his article Federal Fund Proposal Targets Valley Of Death, Jonathan Matsey speaks to Richard Bendis about Innovation America.
“In the past, the private sector was able to take care of this,” said Bendis, whose organization aims to coordinate between federal, state and local economic development projects. “But the venture capitalists are moving upstream and the valley of death is just growing a little bigger.”
"Bendis said he hopes to secure at least half of the money for the National Innovation Seed Fund of Funds from the federal government, with the remainder coming from state and local governments, private investors and nonprofits."
You can view the entire article here.