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Seed Capital Investment ProgramPurposeThe Seed Capital Investment Program (SCIP) fosters the development of innovative technology-based businesses and projects that will stimulate economic growth and industrial competitiveness in Arkansas. Program DescriptionThe Arkansas Science & Technology Authority's Seed Capital Investment Program (SCIP) can provide working capital to help support the initial capitalization or expansion of technology-based companies located in Arkansas. The program can provide working capital up to $500,000 of the company's total financing needs. Investments made by the SCIP fund can be repaid through a variety of instruments, including direct loans, participations and royalties. Public Funds$1,900,000 revolving investment fund. Eligible UsersCorporations whose (1) principal place of business is located in Arkansas, (2) project is technology or science related, (3) business evaluation indicates a good chance of financial success and, (4) proposed project development is fully completed. How to ParticipateAll applicants must complete an application form and submit a fully developed business plan. An interview and site visit may be conducted by the Authority's staff as part of the review. Upon qualification, the enterprise may then be invited to submit a detailed full application for further review. EvaluationApplications will be evaluated based upon the competence of the company's management, business operations, the product or service's marketability and the benefits to science or technology in Arkansas. Proposals will be thoroughly investigated by the Authority's staff and may receive an analysis by technical experts. Upon staff recommendation, the proposal will then be reviewed by the Investment Committee comprised of a portion of the Authority's Board of Directors. If recommended by the Investment Committee, the final decision is made by the full Board of Directors. Rules, FormsThe following forms are pdf documents and require Preliminary Application -PDF
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