O’Malley Seeks to Increase Venture Capital Fund by $100 Million
(Washington Examiner) — Gov. Martin O’Malley wants to multiply Maryland’s investment in biotech and life sciences startups by borrowing money from insurance companies.
“One of the many effects of the national recession is the drying up of venture capital,” O’Malley told a group of business leaders at the State of Tech in the I-270 Corridor conferencein Rockville. “We cannot become a venture capital bank, but we can … push back.”