Vermont Seed Capital Fund — Annual Report
The Vermont Seed Capital Fund, LP launched for investing in May 2010. The Fund is managed by the VCET Capital Corporation, a wholly owned subsidiary of the non-profit Vermont Center for Emerging Technologies (VCET).
The Fund is initially capitalized with $5.04M, is professionally managed and designed as a revolving venture capital investor to support seed and early stage companies in Vermont.
Fund performance objectives include:
1. Financial return commensurate with high risk investing in order to revolve the fund, after write-offs and expenses.
2. Next generation job creation across Vermont,
3. Capital leverage achieved for each $1 invested by the Fund.
4. Other synergies and benefits (college technologies, internships, supply chain, cluster benefits, recruitment, natural resource utilization, green technologies, etc)
The Fund invests between $50,000 and $250,000 per transaction via a variety of equity and convertible debt instruments into high opportunity businesses and high potential teams.
Portfolio firms also have access to substantive programs, facilities, partners, and value-adding services offered by the VCET incubation program at www.VermontTechnologies.com.
Follow this link to read the 2011 Vermont Seed Capital Fund Annual Report.