'Fund of funds' to invest in AZ tech startups
Reader Comments
| July 15, 2008 |  View for printing |
AERO receives $326,000 in seed money 'to commercialize Arizona innovations'
Future Arizona high-tech startups may get a boost from new sources of venture-capital money.
The Arizona Economic Resource Organization has received $325,000 in state economic-development money to establish an Arizona "fund of funds," a program that raises investment capital from investors and reinvests those funds in several professional venture funds.
AERO's goal is to establish a $50 million fund of funds, which will be managed to attract overall investment of at least $200 million "to commercialize Arizona innovations."
Full Story: http://www.azstarnet.com/sn/biz-topheadlines/247465
Reader Comments:
|
Does anyone know what's happening with Montana's $60MM Fund of Funds effort? We're doing a disservice to Montana's entrepreneurs by not doing everything we can to implement this legislation as quickly as possible. --Russ
|
Reprinted under the Fair Use doctrine of international copyright law. Full copyright retained by the original publication. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
