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12X12 Launches To Help Advance Entrepreneurship

Monday, May 03, 2010 5:01:00 AM PDT | VentureDeal Staff

Nantucket, Massachusetts -- A consortium of venture capital firms has announced the launch of a new initiative to encourage innovation and entrepreneurship in Massachusetts.

Called 12X12, the program aims to match one VC firm, one experienced CEO with one next generation entrepreneur, for a total of 12 such combinations.

Venture capital firms have committed to assisting recruitment, strategy and procurement of limited first-round financing.

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