State seeks VC fund managers for new $50M Wisconsin Investment Fund

Wisconsin is seeking venture capital fund managers in the state to implement a new $50 million fund designed to help finance local startups.

The Wisconsin Economic Development Corp. (WEDC) is overseeing the new Wisconsin Investment Fund, which will partner with venture capital funds investing private capital in Wisconsin-based startups...
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Ken Notes: Can banks do this. They could match, half the interest rate, and do the due diligence the State can not accomplish. No additional overhead and they are already in the business...