Mom had actually sent me notice of the launch of the Florida Opportunity Fund a couple of weeks ago. It will be interesting to see what effect this has on venture capital and entrepreneurship in Florida. For selfish reasons, I hope the money helps to further develop local software companies. That way I could someday come home (and stop paying New York income taxes!)
The state of Florida wants to tap into the billions of venture capital dollars invested in young companies each year. It is seeking venture capital funds in which to invest money from the $29.5 million Florida Opportunity Fund, established by the state to funnel more venture capital to Florida start-ups.
The fund will look for regional and national venture capital funds that have done business in Florida and plan to invest in young Florida companies, particularly those developed at Florida universities and research institutions. Then, the fund will invest portions of its $29.5 million in those funds, with the goal of creating and growing Florida businesses.
By the way: how did I miss that BI vendor Pentaho was Orlando based? I spent the last year working in SAP's Business Objects unit so I should have known this. (I could get to their office in 45 minutes from my folks' house).
[Florida][Venture Capital][Florida Opportunity Fund][Pentaho]