The city has launched an innovation investment fund that will put money into technology startups that locate in Providence, Mayor Angel Taveras announced Thursday.

A collaboration with Betaspring, Slater Technology Fund and Cherrystone Angel Group, the Innovation Investment Program uses U.S. Department of Housing and Urban Development funds to give the city equity stakes in promising creative companies that could stimulate growth and job creation.

Full Story: City creates venture fund, partners with local entrepreneurs, investors Source: Providence Business News, November 21st, 2011 Author: Patrick Anderson Added on November 21st, 2011 at 9:38 am, by Muse en Lystrala