The state's venture capital arm, the Massachusetts Technology Development Corporation, is announcing at an event tonight that it will adopt a new name: MassVentures.
"There were too many similar acronyms out there, like the MTTC and the MTC," says president Jerry Bird, "and we just think MassVentures better describes what we do, and who we're serving."
Bird has also scraped together $14 million in new funds to invest in tech startups. Much of it comes from money that MassDevelopment, the state's economic development agency, has asked MassVentures to manage. About $3 million comes from liquidity events in MassVentures' prior portfolio companies, Bird says, and another $6 million comes from the state's new START program, announced earlier this year.
To read the full, original article click on this link:MTDC adopts new name, MassVentures, and will parcel out $14 million in new grants and investments - Innovation Economy - Boston.com
