government resourcesfor grants loansfor specific businesses（政府resourcesfor赠款loansfor具体业务）.docVIP

Nancy Fallon-Houle, P.C. Attorney At Law 5449 bending oaks place downers grove, illinois 60515-4456 nfallon@ phone: 630-963-0439 fax: 630-963-0489 Government Resources: Grants, Loans Equity Investments From State and Federal Government for Specific Businesses Sources for Seed Capital Infusion Prior to Raising Equity Capital From Investors State of Illinois Illinois Department of Commerce and Community Affairs (Chicago Office) (“DCCA” – pronounced “Decca”) Technology Challenge – Grant Program State of Illinois DCCA Innovation Research Grants for Small Businesses. $4.5 million in 2001 awarded to 20 companies $250,000 each $3.0 million budget for 2002 approximately 10 to 15 companies will be awarded $200,000 to $250,000 each. Usually 120 proposals, with 60 selections, narrowed down to 10 to 15 finalists. Purely a grant: No repayment required, and no equity relinquished by inventor/entrepreneur Grants for seed or pre-seed money, R D For “Creation of Jobs in Illinois” Company Receiving Grant Must Illinois Coalition is the screener and partner Submit 8-10 page plan Submissions between February and August; selections usually made in August; final evaluations selections in October and November. January to February, distribution of the grants. Award success odds: This past cycle ≈ 10 to 1 May combine grant with federal grants and private investment. Illinois DCCA merce.state.il.us/ 100 West Randolph, Chicago, IL After reading website, if additional questions email Dave Gallagher at dgallagh@commerce.state.il.us merce.state.il.us/technology/Tech Dev.htm 2. Illinois Finance Authority – (go to “products”) Technology Development Bridge (Venture Capital Investment). Illinois State provides Venture Capital Investments through IFA. Illinois matches $1 for $1 investments made by your other VC or “smart money” investors (not friends and family, but sophisticated money that has conducted its own due diligence). IFA