Industry clusters such as homeland security and aviation bring a unique set of assets to Battle Creek. Local expertise in these domains contributes to the collaboration and leveraging which are so important in maintaining momentum and encouraging business growth. bcVentures values the potential of Battle Creek's industry clusters, and strives to support spin-off commercializations that identify products or solutions vetted by qualified, internal experts.
While bcVentures recognizes homeland security and aviation as two clusters with good growth potential, bcVentures continues to expand upon the current commercialization support and services to broaden its reach throughout the Battle Creek Aviation and e-Learning SmartZones. |
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What does it take financially to start a company? Where does the money come from? According to the Kauffman Foundation, the majority of start up companies open their doors with less than $50,000 in start up capital. The funds come from a variety of sources including personal assets of the founders, friends, and family. Federal grant programs can fund hundreds of thousands of dollars to advance its commercial interests. The State of Michigan offers financial support for university start ups through a number of programs. Bank loans account for some start up capital, while formal venture capital funding accounts for small amounts of funding for early stage start ups. Contact Cheryl Beard for additional information.
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| ANGEL & VENTURE CAPITAL FUNDING
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The Battle Creek Unlimited Direct Investment Fund’s primary purpose is to recruit businesses to our vibrant community, and to help established businesses grow to their full potential. The fund is used to support the economic development efforts of the City of Battle Creek and its designated economic development agencies. We offer funding for both loans and equity investments. The Direct Investment Fund offers investments from $30,000 to $500,000, and will provide up to 50% of the total capital in any deal. We know that getting things up and running as quickly as possible is important to you, and the typical time frame for processing investment requests is approximately 90 days. But, please be aware that due diligence requirements may extend the processing time past the 90 day average. Loan and investment approvals are made by a seven member loan committee which meets monthly. For details, please go to our Open for Business page, and click the "Financing" tab. Or, contact Lisa Albrant for additional information. |
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