Mississippi Seed Fund
$50,000
About the Program
Mississippi Seed Fund
The Mississippi Seed Fund provides early-stage funding for high-tech and high-growth firms in Mississippi. The program is administered by Innovate Mississippi with funding decisions made by the Mississippi Seed Fund board.
The Mississippi Seed Fund offers four different types of awards. All programs offered below are on a reimbursement basis only.
Mississippi Seed Fund awards can not be used for patents, company reorganization, payment of existing debt, or expenses prior to the award date.
Proof of Concept Grant
[Award Amount](): $10,000
[Total Project Size](): $20,000
[Match Ratio](): Minimum 25% cash and up to 75% in-kind
Example: $10k seed fund loan, $2,500 cash match + $7,500 in-kind hours = $20,000 project
[Investment Structure](): Grant. No repayment required
[Qualifications](): Companies applying must be located in, or have relocated to and be primarily domiciled in, Mississippi. Eligible applicants must be classified as small businesses in accordance with the U.S. Small Business Administration (no more than 500 employees). Innovate Mississippi will collect quarterly financials on jobs, revenue, and other economic development-related data.
Proof for Concept Loan
[Award Amount](); $25,000
[Total Project Size](): $50,000
[Match Ratio](): Minimum 25% cash and up to 75% in-kind
Example: $25k seed fund loan, $6,250 cash match + $18,750 in-kind hours = $50,000 project
[Investment Structure](): Loan with debt terms. Five years max repayment.
[Qualifications](): Companies applying must be located in or must have relocated to and be primarily domiciled in Mississippi. Eligible applicants must be classified as small businesses in accordance with the U.S. Small Business Administration (no more than 500 employees). Innovate Mississippi will collect quarterly financials on jobs, revenue, and other economic development-related data.
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