Wisconsin Unveils Historic $100 Million Fund to Boost Startups
Governor Tony Evers announces unprecedented public-private partnership to support entrepreneurs across diverse sectors.
- The Wisconsin Investment Fund combines $50 million in federal funds with $50 million from private investors.
- Venture capital firms managing the fund must match public investments dollar-for-dollar.
- Initial investments target technology, healthcare, agriculture, and manufacturing sectors.
- The fund aims to create a significant economic impact, with projections of at least $500 million in the first few years.
- Major beneficiaries include HealthX Ventures, Venture Investors Health Fund, and Serra Ventures.