Gov. Scott Walker is setting aside $25 million in his two-year budget bill to boost venture capital investment in the state, but isn’t putting forward a plan for how such a program would work. Many in the venture and angel capital communities said they were pleased that Walker will include the venture capital program in his proposed budget, which will be released Wednesday. They expressed hope that the Legislature would boost the dollar commitment and details of the program.
“He’s sending a strong signal to the Legislature he wants to work with them and early stage investors to make this happen,” said Steve Lyons, president of the Wisconsin Growth Capital Coalition, a trade group that he said counts about 20 investment groups among its members. Read the full Milwaukee Journal Sentinel story here.