Illinois launches VC fund

Wednesday, August 04, 2004

Illinois has launched a new intiative to invest $50 million into venture capital funds.

To minimize risk, the Illinois Technology Development Fundwill not invest directly in companies. Instead, it will invest in venture funds based in Illinois or operating here. The state's investment will be limited to no more than 10 percent of a fund's assets. Read more.

posted by Ed Morrison |

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