Gov. Scott Walker will include $25 million for investment capital initiatives in his 2013-15 budget, which will be introduced later today.

“Studies show the majority of net new jobs come from businesses less than five years old, and the most limiting factor in developing these opportunities is the availability of new capital,” Walker said in a statement. “We need to show we’re serious about growing the economy in Wisconsin by ensuring startups have access to capital.”

The Wisconsin Growth Capital Coalition, which is working to get a venture capital bill passed, has proposed a 2-to-1 private-to-public match. However, the total amount pales in comparison to the $400 million venture capital bill that failed to pass in the previous legislative session.

Walker’s $25 million would still “jump-start a whole generation of emerging companies,” according to Tom Still of the Wisconsin Technology Council.

“The investment would … help position Wisconsin to better compete for its logical share of the national venture capital industry,” Still wrote in his weekly column. “It’s not a grant program or a loans-of-last-resort to struggling companies, but a plan to invest wisely in some of Wisconsin’s most promising young companies–especially those that stand to grow the fastest, create jobs and pay back on that investment.”

The budget address, which takes place at 7 p.m. at the State Capitol, will be televised locally and live-streamed at www.walker.wi.gov.