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New York Gets New Venture Capital Fund

Published: 7/25/2011 10:32:45 AM

Gov. Andrew Cuomo signed legislation tapping the use of federal money for a new New York State focused venture capital fund.

Called the Innovate NY Fund, its purpose will be to invest in early-stage, growth oriented companies, in order to keep them in the state.

In addition to the federal money, the fund will also tap the New York State Capital Access Program and the Bonding Guarantee Assistance Program.

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Don Jones
CEO, VentureDeal

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