PURPOSE OF PROGRAM An investment made either directly into a qualified Louisiana based seed capital fund or as a co-investment made with a qualified Louisiana based seed capital fund in a Louisiana small business for the purpose of providing seed, or early stage investments only.
ELIGIBLE APPLICANTS Louisiana based fund organized for the sole purpose of making seed investments in businesses.
DOLLAR LIMIT PER PROJECT (LEDC PORTION) Match Program Maximum $1,000,000 Co-Investment Program Maximum of 50% of round or $250,000
PERCENT OF PROJECT COST Match Program - One dollar for every two of private investment. Co-Investment Program - Maximum of 50% of investment round.
USE OF FUNDS Match Program For partnership interest in limited partnerships or limited liability companies.
Managed Funds
Co-Investment To match up to 1/2 of a venture capital investment round in a Louisiana business with a qualified Venture Capital Fund up to $250,000.
EQUITY REQUIRED Match Minimum - $500,000
Co-Investment Minimum - $250,000
FOR MORE INFORMATION CONTACT: St. Tammany Economic Development Foundation 21489 Koop Drive, Suite 7, Mandeville, LA 70471 Phone: 985-809-7874 Fax: 985-809-7596
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