There is a lot of creativity and entrepreneurship in young people that can be unleashed if initial financing can be found.

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Initial financing, the company noted, will be fully provided by a consortium of six banks including JPMorgan Chase and Bank of America.

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In an economy with ever-decreasing startup costs for new companies, 91% of ventures seeking their initial financing rounds during the past quarter have come to the table with something to show prospective investors.

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