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Home > News > State seeing venture capital dry up

March 7th, 2010

State seeing venture capital dry up

Abstract:
Venture capital - the lifeblood of high-tech startup companies - fell by nearly half in Arizona last year as investors retrenched nationwide.

But a new Arizona-based venture capital fund and other recent initiatives are aimed at building a local pipeline for such private equity investments, and driving high-tech economic development in the bargain.

"We are fortunate that we're in three hot areas - clean technology, energy efficiency and nanotechnology," he said.

Source:
azstarnet.com

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