In the national scramble to create jobs, Massachusetts might appear to be at the end of the pipeline. It’s small, cold and snowy, has high taxes and not that many large employers.
It is often here, however, that new industries are created, sometimes by immigrants, college graduates or researchers. And to get started, these entrepreneurs usually depend on investors risking millions willing to bet new ideas will bring profits.
Funds from venture capital companies have helped nurture large companies such as Framingham-based Staples, as well as smaller ones such as Southboro-based software tester uTest, which recently received $17 million in venture capital to expand nationally.
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