Macker-Meter

Create biotechnology startup loans

"Terry McAuliffe proposes … creation of the Virginia Biotech Startup Program. Designed to supply critically needed startup funds to entrepreneurs, inventors, or scientists hoping to prepare an idea to attract private capital, this program would receive an initial capitalization of between 2.5 and 5 million dollars (depending on budget conditions) and would then be replenished as loans are repaid."


Sources:

Platform, Aug. 13, 2013 (archived version)

Subjects: Technology

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