Georgia took steps this week to create a public-backed venture fund aimed at keeping startup companies from fleeing the state when funding dries up.
The fund could eventually pump $100 million into innovative new companies, The Atlanta Journal-Constitution reported (http://bit.ly/a1eK ).
Gov. Nathan Deal's recent decision to sign House Bill 318 forges a new, riskier, path for state funding of private companies.
To read the original article: Georgia takes steps to boost venture capital fund - SFGate
