Technology Development Bridge Seed Stage Venture Capital Fund

ITDA is right there in the trenches with us helping these technology companies get off the ground. - Tom Churchwell, Managing Partner, ARCH Development Partners

The Technology Development Bridge Fund is a venture capital fund that provides seed stage equity financing to Illinois technology companies. It is an innovative public-private partnership, developed by the Illinois Technology Development Alliance and funded by the Illinois Finance Authority, aimed at helping technology firms access capital they need to grow and create jobs.

Benefits:

Provides seed and early-stage equity financing that is often difficult to obtain
Leverages private venture investment by accredited venture capital investors.
Equity investments typically range from $150,000 to $300,000.

Type of Financing:
IFA venture capital investments provide venture and seed financing to Illinois businesses that have the potential to stimulate long-term employment and economic activity in Illinois. Investments require a co-investment by one or more professional venture investors. Businesses are required to locate their operations in the State of Illinois. IFA will "match" the terms set forth by a qualified co-investor.

Eligibility:
Candidates must be small, privately-owned businesses with less than 50 employees. The company must be developing or commercializing a new technology or invention. The investment represents financing for applied research, development, testing and initial marketing of a technology, product, process or invention.

Contact Information

Cary Nourie

312-373-7182