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Business Investment Page 5 of 5 <br /> <br />Technology. <br /> <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 /> <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 /> <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 /> <br />The Central Minnesota Seed Fund is a cooperative effort of Initiative <br />Foundation and St. Cloud Regional Office of Minnesota Technology. <br /> <br />Download a PDF version of the Seed Investment Application <br /> <br />(64K) <br /> <br />View and print with Adobe® Acrobat® Reader Software. <br /> <br />Works In Progress Consultant Directory <br />The W_o..r!~_s_l.g?_r_ogr_e_..~_s_._.C. 9._n_..~g.!.t_g_~L~?_ec~tp_ry is a listing of <br />consultants serving Central Minnesota nonprofit organizations. <br /> <br />Top of pa~ge. <br /> <br />http ://www.ifound.org/html/businvt.htm 8/10/01 <br /> <br /> <br />