The state would seek to boost start-up companies by creating a venture capital fund with $25 million in state money and $50 million from private sources, under a bipartisan bill unveiled Wednesday.
In the last legislative session, lawmakers failed to agree on a proposal to boost investment in young state companies despite support from Gov. Scott Walker. Although sponsors of the new bill such as Rep. Mike Kuglitsch (R-New Berlin) believe it can pass the Legislature, the proposal was criticized by two Democrats who said it was not large or bold enough to improve the economy.
To read the original article: Wisconsin's venture capital funding could see boost under bill in Legislature
