Wisconsin Startup Coalition Applauds Governor Evers’ Proposed $100m Venture Capital ‘Fund of Funds’ Program
Program would positively impact the State’s innovation ecosystem
Madison, WI – February 14, 2020 – Governor Tony Evers today announced his 2021-2023 executive state budget will include a proposal to create a $100 million venture capital fund of funds program under the direction of the WEDC to jumpstart innovation and startup growth in Wisconsin.
“Venture capital ‘fund of funds’ models are effective tools for promoting investment in early stage startup companies.” said Lydia Zeller, President of the WSC Board of Directors. “We encourage policymakers to work with WSC to explore successful models from other Midwestern states and incorporate best practices into future programs.”
The WSC looks forward to working with policymakers to seek broad input from the startup and venture capital communities in Wisconsin as this proposal moves forward.
About the Wisconsin Startup Coalition
Wisconsin Startup Coalition (WSC) is a bipartisan, member-driven advocacy organization formed to support the state’s startup founders and the innovation ecosystem. The non-profit was formed during the COVID-19 pandemic. Over the last six months, WSC has gained the support of nearly fifty startups, funds and ecosystem organizations who share its vision: doubling the number of startups receiving their first rounds of funding in Wisconsin over the next five years. WSC is proud to be the first advocacy voice dedicated exclusively to representing the diverse voices of Wisconsin startup founders and those who support them.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
Mentioned in This Press Release
Recent Press Releases by Wisconsin Startup Coalition
Wisconsin Startup Coalition’s First Advocacy Week Kicks-Off
Apr 12th, 2021 by Wisconsin Startup CoalitionOrganization Will Promote Policies That Grow Wisconsin's Economy
Wisconsin Startup Coalition Announces 2021 Policy Recommendations
Feb 8th, 2021 by Wisconsin Startup CoalitionInvestment in Wisconsin’s Innovation Ecosystem will accelerate the State’s economic recovery from COVID-19 pandemic