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Pennsylvania Woos VC Firms With Capital

Wednesday, April 25, 2007 6:00:00 AM PDT | VentureDeal Staff

HARRISBURG, PA -- The state of Pennsylvania is attracting more venture capital investment in a matching state funds program.

Governor Ed Rendell announced that the state will leverage $20 million in loan funds to attract an additional $60 million in venture capital funding from several firms.

The firms include Birchmere Ventures, SB3 Capital, Erie Management Group, Originate Ventures, Blue Hill Investment Parters and the SVM-Pennsylvania Development Fund.  They will invest the funds in general technology and life science ventures across all development stages.

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