A new group led by angel investor Tom Shannon will tackle the question that has dogged Wisconsin for more than a decade: With its wealth of ideas and well-educated students, why can’t the state produce more job-creating start-up companies?

Shannon and seven other businesspeople on Wednesday will announce the formation of BrightStar Wisconsin Foundation Inc., an unusual nonprofit fund that will invest donors’ money in high-growth, technology-based companies across the state.

Shannon and BrightStar’s seven other founding donors have pledged at least $500,000 each, for a total of $6 million, to seed the foundation.

via A Time to Build | Update – Nonprofit forming to invest in Wisconsin start-up companies.

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