It’s been a tough slog for early stage capital, lately.
Affinity Capital Management and Triathlon Medical Ventures have suspended efforts to raise a $10 million seed fund in Minnesota. And the $1 billion fund biotech investor Steve Burill promised to raise for the Elk Run BioBusiness Park two years ago has yet to materialize. (Burrill has reportedly lowered his goal to $250 million, which is still a lot of money.)
But alas, there is some good news (for a change)! The state Department of Employment and Economic Development (DEED) has awarded $573,000 in tax credits during the first full month of Minnesota’s shiny new angel investment tax program.
To read the full, original article click on this link: Minnesota angel investment tax credit off to a strong start « MedCity News
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