A Wisconsin coalition has recommended creation of a state-leveraged venture capital fund to encourage business development and creation of new jobs.
The report from the Wisconsin Growth Capital Coalition was released Thursday at the Resource Rendezvous conference in Wauwatosa, which attracted startup companies and investors.
The report recommends creation of a master fund-of-funds that would invest in 14 to 20 venture capital funds over time.
The $350 million, state-leveraged, privately managed fund-of-funds would spur private co-investment, the coalition said. These recipient funds would raise an additional $350 million to $1.05 billion and commit to offices, staff and investments in Wisconsin.
To read the full, original article click on this link: Coalition backs state-leveraged venture capital fund
