Competitive Wisconsin’s BE BOLD Investment Capital strategic planning group originated in 2011 and met numerous times during 2012 to develop a comprehensive, long-term investment strategy for Wisconsin’s future economic prosperity. The group generated and circulated a series of drafts of its capital investment strategy, called “BE BOLD: The Role of Capital in the Building and Maintaining of Wisconsin’s Entrepreneurial Economy.” Comments and suggestions from each meeting were incorporated in subsequent drafts. The document has been circulated to opinion leaders and policymakers and you can review a copy here. Special thanks to Chris Prestigiacomo of SWIB, Brian Schupper of the Greater Milwaukee Committee, John Torinus of Serigraph, Tom Hefty (retired), Joe Messinger (retired), Tim Cooley of WEDC, David Giroux of the UW System and others for their written suggestions and edits.
“BE BOLD: The Role of Capital in the Building and Maintaining of Wisconsin’s Entrepreneurial Economy” recognized the need for more investment capital. In July 2013, both houses of the Legislature, passed 2013 AB 181, which creates a $25 million fund-of-funds venture capital investment program to facilitate investments in venture capital funds, which, in turn, must invest in Wisconsin businesses.
The Governor signed the bill into law as 2013 WI Act 41. CWI was an integral member of the Wisconsin Growth Capital Coalition, which developed the recommendation.