Gov. C.L "Butch" Otter will unveil to legislators a state-backed investment fund for startups, part of a package meant to bolster the contribution of new technology and research to Idaho's economy. One of Otter's central missions of the 2012 Legislature will be selling the program to conservative Idaho lawmakers who are leery of inserting taxpayer money into areas where they believe the private sector should take the reins. The Idaho Global Entrepreneurial Mission, or iGem, as the proposal is called, includes a strategy of luring talented researchers to Idaho universities and the Center for Advanced Energy Studies in Idaho Falls. Once they arrive, they'll research energy, materials science and manufacturing, computer science and bio- and agricultural technology -- areas where Idaho has a foundation -- to develop products and spin off companies/John Miller, AP. More here.

Question: Do you support Otter's plans for a state-backed investment fund for startups?