The Act authorizes the creation of a State Seed Capital Fund which will provide capital to innovative businesses. the Act authorizes the Advanced Technology Development Center to manage the fund, subject to approval by the Georgia Board of Regents. The Act also permits the State to disburse funds to investment partnerships and to challenge the investments of partnerships engaged in innovative projects. The Act also provides for the disbursement of returns on investment of state funds, liquidation of investment partnerships, limitations on investments by investment partnerships, and annual reporting requirements.
COMMERCE AND TRADE Georgia Seed Capital Fund: Create,
Ga. St. U. L. Rev.
Available at: https://readingroom.law.gsu.edu/gsulr/vol6/iss1/10