Steve Burrill is searching for money, this time among rich vacation-goers in northern Wisconsin.
The San Francisco-based biotech investor who is trying to create a $250 million investment fund to back the Elk Run BioBusiness Park in Pine Island, Minnesota, also is forming a new angel investment group in the Badger State, according to the Milwaukee Journal Sentinel.
Burrill is joining forces with former Wisconsin commerce secretary Dick Leinenkugel to target wealthy individuals and families inhabiting vacation homes in the well-to-do resort area of Vilas County in northern Wisconsin. The group will invest $50,000 to $500,000 in startups, the report said.
In May, Burrill told Dow Jones Newswires that he will partner with Austral Capital Partners to create a life science fund in Chile. The Burrill Chile Fund will raise $40 million to $50 million over the next few months, and $100 million to $150 million over the next “several years,” he said.