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Find similar grantsLouisiana Seed Capital Program (LSCP) is sponsored by Louisiana Economic Development (LED). The Louisiana Seed Capital Program provides financing to startup and early-stage small businesses through approved Louisiana-based program participants such as venture capital funds, early-stage investment funds, and nonprofit organizations.
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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: Small businesses with 500 or fewer employees authorized to conduct business in Louisiana with an office there; emphasis on very small businesses and socially/economically disadvantaged individuals. Confirm the full requirements in the official notice before applying.
The current listing shows typically $200,000 to $1 million (co-investment). Verify award ceilings, matching requirements, and allowable costs in the official notice.
Louisiana Seed Capital Program (LSCP) is funded by Louisiana Economic Development (LED). 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.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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