12-14-2005, 10:36 AM
Quote:State-run venture capital funds are increasingly financing early stage technology companies, picking up some of the slack left by private venture capitalists in the wake of the stock market bubble's burst...
Thirty-six states have venture funds, and the largest is Maryland's, started in 1994. Overseas governments also sponsor venture capital funds for their nascent technology industries, raising tens of millions of dollars for start-up firms.
full article: http://www.ecommercetimes.com/story/tFmy...-VCs.xhtml