When traditional manufacturers began leaving Massachusetts in the 1970s, politicians faced a daunting task: How could they revive a flagging economy?
They responded by starting their own venture capital firm to help finance the launch of innovative, technology-based companies. The Massachusetts Technology Development Corporation would create thousands of new, high-paying jobs.
John F. Hodgman, who retired as president and CEO of MTDC in 2001, shares an insiders tale of how the unique public-private partnership achieved financial successexplaining why the MTDC was created and tracing its history over two decades.
Along the way, he explores the changing patterns of technology start-ups and private venture capital, and how MTDC-funded companies revolutionized their fields. Moreover, he shares case studies of entrepreneurs who tellin their own wordshow the MTDC helped them succeed.
Grab a seat at the intersection of public policy, politics, and business and learn valuable lessons about investing, leadership, and entrepreneurship by studying the inner workings of The Massachusetts Technology Development Corporation.