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Find similar grantsLouisiana Seed Capital Program is sponsored by Louisiana Economic Development. Louisiana-based small businesses that are just starting up or that are in the early stages may be eligible for seed capital from Louisiana Economic Development. The goal of the program is to increase economic development within the area.
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Louisiana SSBCI Seed Capital Program Find the Best Program for My Business Seed capital for startups and early stage businesses The Louisiana Seed Capital Program (LSCP) provides financing to start-up businesses and early-stage small businesses through approved Louisiana based program participants such as venture capital funds, early-stage investment funds and nonprofit organizations.
The approved program participants provide private financing through seed stage investments to start-ups and early-stage small businesses in order to create jobs and improve the state’s economy.
Authorized to conduct business in Louisiana and maintains an office in Louisiana Small businesses with 500 employees or less Eligible business purposes include, but are not limited to, start-up costs, working capital, business procurement, franchise fees, equipment, inventory, as well as the purchase, construction, renovation or tenant improvements of an eligible place of business that is not for passive real estate investment purposes.
The definition of business purpose excludes activities that relate to acquiring or holding passive investments such as commercial real estate ownership, the purchase of securities; and lobbying activities as defined in Section 3(7) of the Lobbying Disclosure Act of 1995, P. L. 104-65, as amended.
Ineligible Businesses and Purposes Recreational park, theme park, amusement park or camping facility A business engaged in activities that are prohibited by federal law to include direct and indirect marijuana businesses. All incentive program rules are in the Louisiana Administrative Code maintained by the Office of the State Register.
View the Titles of the Louisiana Administrative Code Rules for the SSBCI Seed Capital Program ARPA 2021 can be found in Part VII, Subpart 11, Chapter 89. Rules for the SSBCI Venture Capital Program ARPA 2021 can be found in Part VII, Subpart 2, Chapter 29. Application process varies by fund.
Contact participating equity funds directly (see list below) for details about the requirements for each participating fund. Participating Equity Funds Equity funds must apply for and be approved by the Louisiana Economic Development Corporation Board for participation in SSBCI’s Louisiana Seed Capital Program.
To date, LEDC has approved the following funds for participation in the Seed Program: links and contact info will be posted below. SSBCI Contact : John Roberts, III Innovation Catalyst Inc. / Greaux Innovative Ventures SSBCI Contact : William Ellison Website : InnovationCatalyst. us SSBCI Contact : Jimmy Roussel Email : info@neworleansstartupfund.
org Website : NewOrleansStartupFund. org SSBCI Contact : Aimee Quirk Email : ventures@ochsner. org Website : Ochsner.
org/Ventures SSBCI Contact : Patrick Hernandez Email : phernandez@gopropeller. org Website : GoPropeller. org SSBCI Contact : Jon Atkinson Email : ssbci@ideavillage.
org Website : IdeaVillage. org Tulane Innovation Institute SSBCI Contact : Kimberly Gramm Email : innovation@tulane. edu Website : Innnovation.
Tulane. edu SSBCI Contact : Patrick Hernandez & Evan Nicholl The Seed Capital program is not accepting applications for new funds at this time. To co-invest with us, please contact LED at LEDSSBCI2@la.
gov to learn more.
According to the current listing, eligibility includes: Louisiana-based small businesses that are just starting up or are in the early stages. Confirm the full requirements in the official notice before applying.
Louisiana Seed Capital Program is funded by Louisiana Economic Development. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Louisiana. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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