The innovation economy got another big boost this week with the announcement of a proposed $25 million New Technology Seed Fund -- a recommendation that came out of both the Governor's Small Business Task Force and Higher Education - Industry Task Force, and which has been strongly championed by business groups around the State.
The fund will help commercialize emerging technologies and put NYS on par with states like Pennsylvania, California, Maryland and Texas in terms of directly supporting entrepreneurial development. Investment decisions by the Fund will be made by independent, professional investors and state funds will require matches of at least 1:1 from federal or private sources to leverage and maximize the impact of State investments.
Original Article: Clean Tech Center Blog: NYS proposes $25 million New Technology Seed Fund
