No, $250,000 is the combined total of the third-party (e.g., angel/VC) investment and the recurring revenue generated by the company.
If a company has $200,000 in investment and $100,000 in revenue, are they eligible for the SmartStart Seed Fund?
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- If a company has $200,000 in investment and $100,000 in revenue, are they eligible for the SmartStart Seed Fund?
- For the SmartStart Seed Fund, do all applicants have to be technology based?
- If a company received $30,000 from a previous FedDev program last year are they still ineligible for the SmartStart Seed Fund, or would they be eligible since it is a new cycle?
- For the SmartStart Seed Fund, can an advisor and endorser be one person?
- Is there only one round of the SmartStart Seed Fund in 2018-19?
- For the SmartStart Seed Fund what is the difference between an Endorser and an Advisor? Do companies need letters from both?
- Can pre-revenue companies apply for the SmartStart Seed Fund?
- For the SmartStart Seed Fund, is it a requirement that the companies be incorporated?
- Can the Smart Start Seed Fund be stacked? For instance, if a company has $30,000 from an investor, can they use that to match $30,000 from the SmartStart Seed Fund and $30,000 from say a FedDev program with similar 1:1 matching criteria?
- How much is the holdback for the SmartStart Seed Fund?