The Georgia Research Alliance's venture fund has raised more than $18 million in its first year. The fund was started by Gov. Sonny Perdue in 2008 as a way to finance high-tech startup companies borne out of university research. It takes state dollars and leverages them with a 3-to-1 match from private investors. The Georgia Research Alliance is a partnership between Georgia universities, businesses and state government designed to bring top researchers to the state and increase the number of high-tech companies. The alliance has helped 85 new companies get off the ground in Georgia since it was founded in 2002.
(Associated Press)
(Associated Press)
