Today, Governor Walker signed into law 2013 Wisconsin Act 41, which establishes a state-funded pool of venture capital for investment in Wisconsin companies.
The legislation appropriates $25,000,000 from the Department of Administration's general funds for investment in at least four venture capital firms, which will in turn make investments in Wisconsin companies. The selection of those venture capital firms will be made by an investment manager hired by a five-member committee, comprised of three representatives of the State of Wisconsin Investment Board and two representatives of the capital finance office of the Department of Administration.
To read the full, original article click on this link: Wisconsin Legislature Creates Venture Capital Funding Pool | The National Law Review
