In her article Recession knocks VC funds to 5 1/2 year low, Deborah Gage speaks to Richard Bendis about Innovation America.
"The group and several other organizations have asked the Obama administration to fund young companies and have the funds matched by individuals, foundations and regional groups, said Richard Bendis, president and CEO of Innovation America, a nonprofit in Philadelphia."
"He said state governments have also cut back on programs to fund young companies because their budgets are crunched."
You can view the entire article here.
