Gov. Scott Walker is setting aside $25 million in his two-year budget bill to boost venture capital investment in the state, but isn't putting forward a plan for how such a program would work.
The amount of money the governor is recommending and the lack of details provided differ dramatically from his $400 million venture capital proposal in 2011. That effort failed after getting bogged down by political disagreements and the use of out-of-state investment managers with questionable track records.
Many in the venture and angel capital communities said they were pleased that Walker will include the venture capital program in his proposed budget, which will be released Wednesday. They expressed hope that the Legislature would boost the dollar commitment and details of the program.
To read the full, original article click on this link: Scott Walker to seek $25 million for venture capital investment
