News

$200 mil sought for Ariz. startups – ‘Fund of funds’ to back small high-tech firms

September 27, 2009 /

MATR Sponsor (view all)


Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

About 40 other states have similar funds, and 27 of those have dedicated funding sources, such as appropriations from state government or specific taxes, Hecker said.

State and local business organizations have launched a venture-capital "fund of funds" that aims to raise up to $200 million to finance small high-tech Arizona companies that aspire to become the future Microsofts and Googles of the world.

The private fund, which could begin releasing money by mid-2010, will zero in on innovative startup firms in areas such as information technology, life sciences and solar that can create high-paying, high-quality jobs.

by Betty Beard
The Arizona Republic

Full Story: http://www.azcentral.com/business/articles/2009/09/27/20090927biz-funds0927.html

MATR Supporters (view all)


For over 25 years, Zoot Enterprises has been a global provider of advanced origination, acquisition, and decision management solutions.

Montana Technology Innovation Partnership (MTIP)- Promoting Technology Commercialization in the State of Montana.

Montana Bioscience Cluster Initiative - Collaborative program design and execution and integrated programs fostering innovation, technology commercialization, entrepreneurship and sustainable small businesses
Posted in:

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.