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Ben Franklin Technology Development Authority: Venture Investment Program

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Status:

Active

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Posted:

Deadline: 

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Funding

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Program:

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Award Floor:

Ceiling:

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Match Required?

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Eligibility

Pennsylvania

States:

Entity Types:

Small businesses, For-profit organizations other than small businesses

Venture Capital Firms possessing the following are eligible: Resources, expertise and intent to invest in companies that are primarily located (or companies that maintain a majority of their business) in PA. Those that target investment sectors that are technology related or high growth oriented (i.e., life sciences, advanced manufacturing, information technology). Focus the majority of their investments in startups that are in seed stage or early stage of development. Resources, expertise and intent to invest in companies that are primarily located (or companies that maintain a majority of their business) in PA. Those that target investment sectors that are technology related or high growth oriented (i.e., life sciences, advanced manufacturing, information technology). Focus the majority of their investments in startups that are in seed stage or early stage of development.

Contact

Email:

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Phone:

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Source Type:

State

The Ben Franklin Technology Development Authority Venture Investment Program (VIP) is a Commonwealth of Pennsylvania initiative intended to address the financing needs of technology-oriented businesses by increasing the amount of risk capital available. The VIP operates pursuant to the statutory authority of the Ben Franklin Technology Development Authority (“BFTDA”). The goal of the VIP is to assist in establishing a technology-based economy within Pennsylvania, allowing Pennsylvania to compete in the global marketplace.

Financial Info:
For purposes of this program, the BFTDA seeks to lend funds to venture capital funds. VIP funding will be provided in the form of a loan. The Commonwealth of Pennsylvania and/or the BFTDA is prohibited from holding an equity position and; therefore, is not a traditional limited partner but a Lender.

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