Quasi-public venture capital firm MassVentures reports that its SBIR Targeted Technologies (START) program has invested $12 million into 50 companies that need more time to commercialize high-risk, high-reward technologies — and those companies have leveraged that state investment to raise an additional $278 million in outside capital.
That leverage is "proof of these companies’ potential for future growth and success," MassVentures President Jerry Bird wrote last week in a report celebrating the program's first five years.
