It’s time for Wisconsin to take further steps into the venture economy, according to recommendations from the Wisconsin Technology Council in its 2010-11 “white pages” report released this week.
Tom Still, president of the council, said the advisory group had focused in the past on angel capital to fund startup companies and has seen success.
“When we launched the Wisconsin Angel Network in 2005, there were five angel networks; today there are 22,” Still said. “We feel like we’ve built the farm system, now it’s time to focus on the big leagues.”
Angel investors are typically individuals who invest in startup businesses. Venture capital typically comes from firms or institutions often wanting quicker returns or a share in the business.
Recommendations by the Wisconsin Technology Council, the bipartisan, nonprofit science and technology policy adviser to the governor and the Legislature, fall into four main categories. But the recommendations for increasing access to capital are some of the council’s new points, Still said.
To read the full, original article click on this link: Wisconsin Technology Council pushes for more venture capital funding
Author: JANE BURNS
