Small Business
Technology Development Bridge
Seed Stage Venture Capital Fund
Description:
The Technology Development Bridge is an Illinois venture capital fund that provides seed stage equity financing to small technology companies, among others. The program, funded by the Illinois Finance Authority and implemented as a partnership with private venture investors, is aimed at helping start-up firms access capital they need to grow and create jobs.
This program is not currently funding new projects.
Benefits:
Benefits include:
- Provides seed and early-stage equity financing that is often difficult to obtain
- Leverages private venture investment by accredited venture capital investors.
- Equity investments typically range from $150,000 to $300,000.
Type of Financing:
IFA venture capital investments provide venture and seed financing to Illinois businesses that have the potential to stimulate long-term employment and economic activity in Illinois.
Investments require a co-investment by one or more professional venture investors. IFA will "match" the terms set forth by a qualified co-investor. Businesses are required to locate their operations in the State of Illinois.
Eligibility:
Candidates must be small, privately-owned businesses with less than 50 employees. The company must be developing or commercializing a new technology or invention. The investment represents financing for applied research, development, testing and initial marketing of a technology, product, process or invention.
Fee:
None
