New innovation fund to invest $25 million in Iowa startups
BPC Staff Feb 24, 2016 | 9:13 pm
<1 min read time
91 wordsAll Latest News, Innovation and EntrepreneurshipA new fund that would invest in Iowa startups is moving forward after receiving certification from the state, the Des Moines Register reported. River Glen Venture Partners aims to raise a pool of $25 million it would invest in early-stage companies, said founder Matt Busick, managing director of River Glen Private Capital in West Des Moines. The Iowa Economic Development Authority certified River Glen Venture Partners as an Innovation Fund on Friday. The certification means investors in the fund can receive tax credits based on the amount they invest in Iowa startups.
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