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Breakthrough Technologies Institute - Fuel Cells 2000

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Web: www.delaware-energy.com<br />

7. EMERGING BUSINESS SUPPORT<br />

Technology-Based Seed Fund<br />

www.state.de.us/dedo/information/databook/financing.pdf<br />

The Technology-Based Seed Fund provides equity financing up to $50,000 per<br />

transaction for technology-based small business start-ups from Delaware-based<br />

entrepreneurial engineers, scientists and other technologists from regional companies<br />

and institutions of higher learning. Applicable technology fields include clean energy,<br />

biotechnology, advanced materials, information technology and new chemical<br />

applications. Financing is available for up to $50,000 for startup expenses such as<br />

laboratory equipment, working capital, lab and office space, patent filings or prototyping.<br />

The Fund also provides matching or leveraging investments in start-ups from other<br />

sources such as commercial lenders, non-profit organizations, or related federal grant or<br />

loan programs.<br />

Contact:<br />

The Delaware Economic Development Office<br />

Capital Resources<br />

99 Kings Highway<br />

Dover, Delaware 19901<br />

Phone: (302) 739-4271<br />

Fax: (302) 739-2028<br />

Web: www.state.de.us/dedo/default.shtml<br />

Clean Energy Performance Grants<br />

www.state.de.us/governor/new_economy_initiative.doc<br />

Clean Energy Performance Grants will be used to attract manufacturers of clean<br />

energy technology, such as fuel cells, photovoltaic cells and wind energy<br />

components. The grants will be awarded to companies based on their sales of these<br />

components in order to attract clean manufacturing jobs and complement efforts to build<br />

a fuel cell industry in Delaware.<br />

Contact:<br />

The Delaware Economic Development Office<br />

Capital Resources<br />

99 Kings Highway<br />

Dover, Delaware 19901<br />

Phone: (302) 739-4271<br />

Fax: (302) 739-2028<br />

Web: www.state.de.us/dedo/default.shtml<br />

Emerging <strong>Technologies</strong> Incubator<br />

www.state.de.us/governor/new_economy_initiative.doc<br />

56

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