Young companies and other supporters of state investment in a venture capital “fund of funds” for early stage companies will be discussed 2:30 p.m. Wednesday during a meeting at TitletownTech in Green Bay.
The session will be held at Titletown’s conference room, 1025 Lombardi Ave., and through a Microsoft Teams link that will be provided to people who contact firstname.lastname@example.org by noon Wednesday to attend.
Participants will include two TitletownTech companies, ChemDirect and Strive; Missy Hughes, secretary of the Wisconsin Economic Development Corp.; Craig Dickman, managing director of TitletownTech; and Tom Still, president of the Wisconsin Technology Council. The program will be followed by press availability at 3:15 p.m.
Co-chairs for the Wisconsin Fund Coalition are Cory Nettles, founder and managing partner for Milwaukee-based Generation Growth Capital Inc., and Mark Bugher, who headed two state agencies (Revenue and Administration) and was later director of University Research Park and chairman of the Wisconsin Technology Council.
The Wisconsin Fund Coalition is a group of people, companies and organizations formed to advance legislative discussion of a state budget proposal to invest $100 million in a privately matched, venture capital fund of funds. The idea is contained in Gov. Ton Evers’ 2021-23 budget bill. The state investment would be matched by private dollars at a 2-to-1 ratio over time.
The Wisconsin Fund would be along the lines of what nearby states – Indiana, Ohio, Michigan and Illinois – and others have done to attract outside dollars and to grow young companies.
Thus far, more than 75 people, companies or organizations are supporting the Wisconsin Fund Coalition. Learn more and join at https://wisconsinfundcoalition.com/