Friday, April 11, 2008

TechMaine Fund

I received this email today and thought I would pass it along to anyone who thinks having technology entrepreneurs in Maine is important:

Hi Cade,

Maine needs additional financing vehicles to attract new companies and ideas and to fund and retain our current entrepreneurs. We are entering the last days of Maine's current legislative session and one of the remaining bills is the TechMaine initiative for the creation of a private equity Venture Capital Fund of Funds to support Maine's technology entrepreneurs and grow Maine's economy. Maine can secure a competitive advantage in New England by implementing a Fund of Fund investment vehicle.

The legislation is titled:
LR 3568: An Act To Attract New Capital for Innovative Businesses through Equity Investment in Maine

WE NEED YOUR HELP ensuring this important legislation becomes enacted! We need you to take action and contact your legislators to let them know your support for this initiative. We've created a Website at to supply you additional information and help through the process of reaching out to your elected officials.

Contacting your legislator is vital! On most issues, legislators and other elected officials receive very little input from their constituents. This seems to be especially true of technological issues.

Being contacted by even just a few voters is often enough to mold or shift a legislator's stance on an issue, especially if they have not had much voter contact on that issue before. Every e-mail and call is important.

Please visit today, spread the word, and help create a new vehicle to grow Maine's economy!

Joe Kumiszcza

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