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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.
Based on current listing details, 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. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Typically $200,000 to $1 million (co-investment) Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
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Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
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The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.
Small Business Innovation Research and Small Business Technology Transfer Programs Phase I is sponsored by U.S. Department of Agriculture (USDA) National Institute of Food and Agriculture (NIFA). The USDA SBIR/STTR programs support small businesses in creating innovative, disruptive technologies with commercial potential or societal benefit, including projects dealing with agriculturally-related manufacturing and alternative and renewable energy technologies. Specialty tubing could be relevant for agricultural equipment or renewable energy systems.