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Wisconsin legislators unveil venture capital program; bill will create early stage funds totaling $400 million

May 10, 2011 /

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Legislation to bolster venture capital investments in Wisconsin companies was unveiled Thursday at a Capitol news conference held by the bill’s main sponsors, Sen. Randy Hopper, R-Fond du Lac, and Rep. Gary Tauchen, R-Bonduel.

Dubbed the Wisconsin Jobs Act, the bill is expected to be introduced within days with bipartisan support. The focal point of the legislation is the creation of two funds totaling $400 million under the umbrella of a new Wisconsin Venture Capital Authority. The complementary funds – the Jobs Now Fund and the Badger Jobs Fund – are designed, respectively, to address Wisconsin’s short-term and long-term investment needs.

Full Story: http://www.wisconsintechnologycouncil.com/newsroom/?ID=1238

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