Article: New Jersey Biotech Sector Buzzes over State's $10 Million Venture-Capital Fund.

By Lewis Krauskopf, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News

Oct. 1--JERSEY CITY, N.J.--New Jersey's growing biotechnology community buzzed with excitement Tuesday over the state putting its money where its mouth has been.

A day after state Treasurer John McCormac announced a $10 million venture-capital fund to provide seed money for start-up biotech and pharmaceutical firms, state biotech officials who gathered for a conference in Jersey City spoke ecstatically about the new commitment after years of hearing officials tout New Jersey as a state for innovation.

"At the end of the day, words of encouragement are one ...

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