The purpose of the Seed Fund is to promote the entrepreneurial culture within Central Minnesota and promote the capacity of manufacturing or technology-related companies to grow. Eligible uses of funds include the development of new products or technologies including:
Product research and development.
Working capital to develop new product(s).
Market research and development of new product(s).
Prototype development and testing.
Other related uses deemed appropriate by the Central Minnesota Seed Fund.
1% origination fee
maximum is $50,000
Eligibility / Requirements
Project funding requires a minimum of a 1:1 equity or cash match dollar for every dollar of Seed Fund investments. Eligible participants include individuals, small and medium size businesses located in the 14 counties served by the Initiative Foundation and the St. Cloud Regional Office of Minnesota Technology.