560.53 Intermediary assistance programs. - Wisconsin Statutes

560.53

560.53 Intermediary assistance programs.

560.53(1)

(1) Regional and statewide programs. The department shall arrange intermediary assistance programs, for regional or statewide meetings of industry, trade and professional organizations, that introduce members of the organizations to the procedures by which venture capital is invested in new businesses and the opportunities for the members to become intermediaries.

560.53(2)

(2) Metropolitan programs.

560.53(2)(a)

(a) In one or more metropolitan areas, the department shall identify individuals and organizations that assist intermediaries, are interested in assisting intermediaries or are interested in becoming intermediaries or developing a local network.

560.53(2)(b)

(b) The department shall assist the individuals and organizations identified under par. (a) in developing, to the extent feasible, self-sustaining intermediary assistance programs. An intermediary assistance program may do any of the following:

560.53(2)(b)1.

1. Provide an inventory of existing intermediaries in the metropolitan area.

560.53(2)(b)2.

2. Develop a network in the metropolitan area.

560.53(2)(b)3.

3. Develop a network between the metropolitan area and other metropolitan areas.

560.53(2)(b)4.

4. Train intermediaries on subjects identified as necessary by the intermediaries participating in the intermediary assistance programs, including the preparation of business plans and the applicability of relevant securities regulations.

560.53(2)(b)5.

5. Establish mechanisms to refer entrepreneurs to appropriate intermediaries in the metropolitan area or in other metropolitan areas.

560.53(2)(b)6.

6. Evaluate the effectiveness of the intermediary assistance program, including the collection of data necessary to conduct the evaluation.

560.53 - ANNOT.

History: 1987 a. 320.