Developing Funding Opportunities in Montana

Wisconsin’s new budget more than triples the annual pool of credits for angels and venture capitalists from $11.5 million to $37 million. Angel credits move to $18.25 million while from $5.5 million; VC credits jumps to $18.75 million from $6 million.

Investors in venture capital funds — most of whom manage foundations, endowments, pension funds and firms that invest money for wealthy families — say they want venture funds to shrink to a smaller size.

The National Association of Seed and Ventures Funds (NASVF) announced it is working with a national innovation intermediary, Innovation America, to create a new National Innovation Seed Fund of Funds (NISF) to help remedy the lack of funding for young entrepreneurial companies and to get knowledge-based job growth going again.

The proposed fund-of-funds would make allocations to certain regional-development groups, which would then make the final investments in start-ups.

Save the date for the 16th Annual NASVF Conference! September 14-16, 2009 Oklahoma City, OK Information being developed The National Association of Seed and Venture Funds is an organization of innovation capital leaders: private, public…

“Montana is ripe for this initiative” says Evan Barrett, Chief Development officer for the State. “We have more and more high net worth individuals willing to invest locally and we are seeing an ever increasing growth in entrepreneurial activity in bio science, energy and information technology.”

Mr. Grousbeck says studies by the Center for Entrepreneurial Studies at Stanford, which he co-directs, show average annual returns by search funds to their original investors of well over 30 percent.

With the recession making traditional venture capital scarce, new firms often look to angel investors. But funds from these investors are also getting hard to attract.

Investing in entrepreneurship is more important than ever in today’s economy.

Investing in entrepreneurship is more important than ever. The Angel Capital Education Foundation will be presenting a one day seminar on Starting Angel Organizations in Great Falls, MT.