RSA 162-A:13-d Innovation Business Job Growth Program.

I. The authority may establish and administer an innovation business job growth program to increase the supply of venture capital to the economy of the state. The program is intended to promote investment in qualified venture capital funds by guaranteeing or insuring portions of the principal of investments in such funds and through direct investment in qualified venture capital funds by the authority. Creation of the program is intended to improve access by innovative businesses in this state to venture capital funds, and to create or preserve employment opportunities for the state's citizens. The program shall be known as the "New Hampshire innovation business job growth program."
II. The authority is authorized to apply for and accept grants from the federal government and