A new nonprofit fund targeting investment in early-stage Wisconsin companies has formed. The BrightStar Wisconsin Foundation has raised an initial fund of $6 million, and is expected to raise an additional $60 million over the next 3 years. BrightStar’s non-traditional model mixes venture capital investments with charity. Investors in the fund don’t receive a return on their investment, instead, nearly all of the earnings will be re-invested in future early stage companies.
Read more about the fund in the Milwaukee Journal Sentinel here, and the Wisconsin State Journal here.