RFP-Rhode Island Venture Capital Fund
| Agency: | State Government of Rhode Island |
|---|---|
| State: | Rhode Island |
| Type of Government: | State & Local |
| NAICS Category: |
|
| Posted Date: | Jan 15, 2025 |
| Due Date: | Jan 31, 2025 |
| Solicitation No: | RFP-2502 |
| Original Source: | Please Login to View Page |
| Contact information: | Please Login to View Page |
| Bid Documents: | Please Login to View Page |
Bid Description
RI Commerce Corporation
Bid Number: RFP-2502
| Description |
| The Rhode Island Commerce Corporation (“Corporation”) seeks proposals from qualified firms for a fund manager to establish the Rhode Island Venture Capital Fund (“Fund”), and to act as the manager (“Fund Manager”) of the Fund in which the state will be a limited partner. This program may provide up to $2,000,000 to the Fund Manager to establish the Fund and manage and make investments in promising early start and start up companies, which are companies that (1) are less than 5 years old with under $1 million in revenue; (2) have not received any—or very minimal—equity capital, including pre-seed and seed funds; and (3) have a substantial presence in the State, including having at least fifty percent (50%) of its employees in the State (“Early-Stage Companies”). The Fund Manager will be required to match State funding. |
* Disclaimer: This website provides information about bids, requests for proposals (RFPs), or requests for qualifications (RFQs) for convenience only and does not serve as an official public notice. Individuals who wish to respond to or inquire about bids, RFPs, or RFQs should contact the relevant government department directly.
Sign-up for a Free Trial, Government Bid Alerts
With Free Trial, you can:
You will have a full access to bids, website, and receive daily bid report via email and web.