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News and Announcements: Maryland first state in the nation to use online auction to raise funds for venture capital program
Governor Martin O'Malley and Peter Greenleaf, chairman of the Maryland Venture Fund Authority, today announced that $84 million has been raised for Maryland's Innovation Economy through InvestMaryland - an historic initiative created by the Governor and passed by the General Assembly last year to invest in the State's promising start-up and early stage companies. The $84 million raised far exceeds a goal of $70 million and was generated through an online auction of premium tax credits to insurance companies with operations in Maryland.

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