Ben Franklin Technology Developtment Authority: Venture Investment Program (BFTDA-VIP)
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f846a6684f88a4232f780f0894de81bb788307f2617137d585a7ae84bfb8GrantResponse Deadline
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
General Info
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Timeline
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Organization & Contact Information
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AgencyPennsylvania → Community & Economic Development
ContactsNo contacts available
OfficePA, USA
Organization / AgencyPennsylvania → Community & Economic Development
Office AddressPA, USA
ContactsNo contact information available
Full Description
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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.
Matching requirements: Minimum of a 1:1 match in funding for the project. In addition: 2. The applicant must further demonstrate that at least 50% of the required 1:1 match is in the form of cash. Otherwise stated, no greater than 50% of the required 1:1 match may be in the form of in-kind support.
Reporting and monitoring: Please see program guidelines
Application process: 1. You need to complete Appendix A, emailing it to DCED’s VIP Resource Account: DCEDVentureInvest@pa.gov. DCED will issue an Invitation to apply should you be deemed eligible to participate in the program.
How to apply: https://grants.pa.gov
Matching requirements: Minimum of a 1:1 match in funding for the project. In addition: 2. The applicant must further demonstrate that at least 50% of the required 1:1 match is in the form of cash. Otherwise stated, no greater than 50% of the required 1:1 match may be in the form of in-kind support.
Reporting and monitoring: Please see program guidelines
Application process: 1. You need to complete Appendix A, emailing it to DCED’s VIP Resource Account: DCEDVentureInvest@pa.gov. DCED will issue an Invitation to apply should you be deemed eligible to participate in the program.
How to apply: https://grants.pa.gov
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