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Battle Born VC Program Launches in Nevada with Assistance from U.S. Treasury
The Nevada Office of Economic Development, with guidance and funding from the U.S. Treasury Department’s State Small Business Credit Initiative (SSBCI), has launched the Battle Born Venture Program. “Battle Born” is a state venture capital program that makes equity and equity-like investments in early stage, high-growth Nevada businesses. The fund will invest in a wide range of sectors that represent the economic base of the state, and returns on investment will be recycled back into the fund. The Nevada program is the newest venture capital program established by the U.S. Department of the Treasury under the SSBCI with the intent of enhancing local capital infrastructure. As of this year, the U.S. Treasury has approved 47 state-run venture capital programs across 30 states. Read the announcement…
Nevadastate tbed, federal agency, capital, venture capital