What is this?

Wisconsin has been ranked 50th out of 50 states for new businesses the past three years, according to the Kauffman Foundation. What if the state of Wisconsin thought big, super big.

 

This plan would involve investing $300,000 into 10,000 startups across Wisconsin’s 72 counties. The goal is to invest in 1,000 startups per year to reach investments in a total of 10,000 startups. The fund will start slow. It will take time to ramp up investments in 1,000 startups per year. The first year might only see 50 investments in startups. By year 4, the fund can be investing in 1,000 startups per year.

How Will this be Funded?

Through The State of Wisconsin Investment Board pensioners will be able to volunteer to invest 3% of their funds into this 10,000 startup fund.

How will this Impact Wisconsin?

$3 billion invested into startups across 72 counties averages out to 140 new well-funded new businesses per county. Each of those startups would create 2-5 new jobs in the first year alone, each paying on average $50K/year. Historically, Wisconsin companies stay in business for 5+ years.

Start-up money is the biggest hurdle to business creation. This plan would create the most jobs in the shortest time with little to no axpayer risk. It could be a win for everyone.

Steps to Make This Happen
01
Step 01

We’ll start slow. Ramping up to investing $300 Million each year for 10 years from the state of Wisconsin Retirement System Pension Fund (roughly .3% of the total $100 Billion SWIB¬† managed fund).

02
Step 02

Invest $300,000 in 10,000 startups across 72 counties in the state over 10 years. The investments will be managed by a team of professionals. Decisions and oversight will be transparent, open to the public. Each company will have to file a basic audit and report on an annual basis.

03
Step 03

Generate an extra $100+ Million a year in income tax revenue by immediately creating 30,000 new jobs averaging 50,000/year.

04
Step 04

Invest $300,000 in 10,000 startups across 72 counties in the state over 10 years. The investments will be managed by a team of professionals. Decisions and oversight will be transparent, open to the public. Each company will have to file a basic audit and report on an annual basis.

For more information:
Meet Our Team

Mark is the founder and managing director of HealthX Ventures in Madison. Before that in 2010 he founded and was CEO of Nordic Consulting – the countries largest Epic consulting company with over 1000 employees today. He also started and sold two other network consulting companies before starting Nordic. He’s a lifelong Wisconsin resident and has a degree in computer science from UW Madison.

© COPYRIGHT, ALL RIGHTS RESERVED BY WISCONSIN.