State Seed Capital Network

The State Small Business Credit Initiative (SSBCI) is a $1.5 Billion component of the Small Business Jobs Act of 2010 to support state small business capital programs. The bill provides a one-time grant of at least $13 million to each state. The funds may be used to provide collateral guarantees and credit insurance to support small businesses lending and may also be used to support equity investment in companies seeking to start up or expand.

As part of an overall small business capital program, some states may elect to use the resource to expand the local network of community-based angel investment groups and university-affiliated seed funds. Angel investors often form the bridge between early development and the later rapid growth phases of an emerging business, filling critical gaps in financing. An active network of angel investors in a region can help drive the opportunity for entrepreneurs to find the capital they need to grow and prosper, and to create jobs.

Click here for further information (PDF).