Home > Business models, Economic Development, Government, Incubator, Startup, University, University venture funds, Venture capital > Maine OKs $20M Innovation Program to Invest in Venture Funds

Maine OKs $20M Innovation Program to Invest in Venture Funds

Maine Gov. John Baldacci signed into law this week a bill that allows the state retirement system to invest its pension funds into venture capital funds.

The bill, “An Act To Stimulate Capital Investment for Innovative Business in Maine,” authorizes the state to invest up to $20M in VC funds to “…boost venture activity and spur innovative startup growth in the state.” [masshightech, read more]

UMass Boston Launches Entrepreneurship Center [watch youtube video]
UMass Boston EC program [website] [news about the launch]
Venture Development Center [website]

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