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Business Investment Page 5 of 5 <br /> Technology. <br /> • Eligible uses of funds include the development of new products or <br /> technologies including: <br /> •Product research and development. <br /> •Working capital to develop new product(s). <br /> •Market research and development of new product(s). <br /> •Prototype development and testing. <br /> •Other related uses deemed appropriate by the Central Minnesota <br /> Seed Fund. <br /> Investment maximum is$50,000.Project funding requires a minimum <br /> of a 1:1 equity or cash match dollar for every dollar of Seed Fund <br /> investments. <br /> Investment instruments used by the Seed Fund will generally have <br /> convertible options exercised by the Seed Fund as either direct loans <br /> or equity positions deferred for 18 months. <br /> The Central Minnesota Seed Fund is a cooperative effort of Initiative <br /> Foundation and St. Cloud Regional Office of Minnesota Technology. <br /> Download a PDF version of the Seed Investment Application <br /> (64K) <br /> r'k os a W; View and print with Adobe®Acrobat®Reader Software. <br /> Ada}1111 <br /> Works In Progress Consultant Directory <br /> The Works In Progress Consultant Directory_is a listing of <br /> consultants serving Central Minnesota nonprofit organizations. <br /> Top of page. <br /> • <br /> http://www.ifound.org/html/businvt.htm 8/10/01 <br />