An investigation by The Dallas Morning News found that more than $16 million from a state fund to help high tech start-up firms has been awarded to companies that have investors or officers who are large campaign donors to Gov. Rick Perry. The News reviewed thousands of pages of U.S. Securities and Exchange Commission documents, personal financial disclosures, and other public records to determine who has invested in companies that were tech fund recipients. The News also found that the fund's proceedings are shrouded in secrecy, and not every state's program is as closed.
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