Today, the White House made an announcement to increase the capital available to investors in early stage companies and entrepreneurs growing high potential businesses.
The federal government launched a $1 billion Early Stage Innovation Fund. It will provide matching capital to Small Business Investment Companies targeting early stage firms seeking funding from institutional investors. In order to further accelerate the success of high growth businesses, the President is pushing for:
an increase on the cap on “miniofferings” from $5 to $50 million so more small businesses will be exempt from certain regulations;
To read the full, original article click on this link: JumpStart As It Happens: White House Launches New $1 Billion Fund
