State-funded programs for entrepreneurs making some changes
Over the past week, we’ve seen a number of posts about various state programs to support entrepreneurship. We thought we would combine those into a single post. There is a consistent theme in each of them. It is a combination of focus and ROI on the state’s investments.
- While research and development were deemed to be important when Ohio’s Third Frontier program was started, the priorities are shifting as the state invests the final; $350 million. The focus will be on commercialization, jobs and capital investment. Read more here.
- Another Ohio program – the $150 million Ohio Capital Fund – is showing stronger returns and has attracted more than $1 billion investment to the state, but still is performing below expectations. Click here to read more about it.
- In the Lone Star state, the Texas Senate has voted to cut the Texas Emerging Technology Fund, a program that was intended to “make Texas the best place in the nation to pursue the next great idea” by helping startup companies get off the ground faster.” Read more about those developments here.