Supporters of a $100 million venture capital fund are considering a separate bill to create the mechanism to boost young businesses. This comes after the “fund of funds” was not included in the state’s 2021-23 biennial budget. “It has been raised as a possibility by some legislators in both parties as...
MADISON, Wis. – Although the Legislature’s Joint Finance Committee declined to include a $100-million proposal in the state’s 2021-23 budget bill, the president of the Wisconsin Technology Council is hopeful that creation of a “fund of funds” will be considered later. [caption id="attachment_17437" align="alignright" width="136"] Tom...
Startup community leaders and investors alike are looking to rally support for a proposed $100 million state investment in a “fund of funds” contained in Gov. Tony Evers’ budget proposal. “I’m excited about the venture fund because it’s the next step for Wisconsin,” WEDC CEO Missy...
Since its launch in 2015, the Badger Fund of Funds has invested over $3 million in 25 Wisconsin companies with the goal of diversifying business within the state. Three panelists — Jonathon Horne, Sam Rikkers and Dan Brooks — spoke about investing in new businesses at...
The Wisconsin Venture Capital Association urges lawmakers to include Gov. Tony Evers’ proposed $100 million venture fund of funds in the 2021-23 state budget. The WVCA notes that while Wisconsin is building what is amounting to be a vibrant startup ecosystem, it still lags other Midwest...
Wisconsin seeking a fund of funds is a golden opportunity to do something special — do it the right way, says Renaissance Venture Capital Fund CEO Chris Rizik. Rizik will be a panelist at the virtual Wisconsin Entrepreneurs’ Conference tomorrow during a discussion on the Midwestern...
… One of the many factors that differentiate the Wisconsin Fund from the Badger Fund is that even though capital may be raised from out-of-town investors, capital raised by the Badger Fund must be deployed in WIsconsin-based startups. The Wisconsin Fund’s $100 milion is required to...
May 26, 2021 TO: Members of the Wisconsin Legislature FROM: Cory Nettles and Mark Bugher, Wisconsin Fund Coalition RE: $100-million state investment in a Wisconsin Fund As the Wisconsin Legislature considers joining its neighbors in the creation of a statewide venture capital “fund of funds,” lawmakers should not buy...
By Missy Hughes WEDC Secretary and CE As we pass the one-year mark of the COVID-19 pandemic, Wisconsin’s economy stands at a crossroads between the depths of recession and a return to healthy growth. We need to seize this opportunity for economic recovery by accelerating support for...
The unrelenting feud between Democratic Gov. Tony Evers and the Republican controlled state Legislature was in full bloom this month as lawmakers scrapped nearly 400 items from Evers’ proposed budget and decided to start from scratch using the current budget as a base. Were there any...