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Kansas Bioscience Authority Commits $50 Million to Increase Venture Capital, Accelerate Bioscience Business Growth
Date:10/9/2009

ence & Technology Institute (SSTI): "The KBA is addressing a critical building block needed for a tech-based economy: capital for start-up companies. This is particularly critical now as venture capitalists make fewer, later-stage investments. Areas like Kansas that make these kinds of investments are going to be the ones that benefit in the future."

Jim Jaffe, president and CEO of the National Association of Seed and Venture Funds (NASVF): "Access to capital for seed and early stage companies is an essential element in creating jobs and building world-class companies, especially in today's venture environment when most funding is going to later stage opportunities. NASVF commends the Kansas Bioscience Authority for taking a leadership role in Kansas and being a catalyst for innovation and supporting the seed and early stage entrepreneur."

About the KBA

The Kansas Bioscience Authority is a $581-million initiative created by the Kansas Economic Growth Act of 2004 to expand the state's world-class research capacity and bioscience clusters; support the growth of bioscience startups; and stimulate bioscience business expansion and attraction. www.kansasbioauthority.org

SOURCE Kansas Bioscience Authority


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SOURCE Kansas Bioscience Authority
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