Applications are now being accepted for start-up advanced technology companies that are seeking funding.
The funds are administered through i2E Inc., the program manager for the OCAST (Oklahoma Center for the Advancement of Science and Technology) Technology Business Finance Program.
The program is designed to provide Oklahoma-based, high-tech, start-up companies with pre-seed financing and early stage risk capital, to stimulate additional investments from private sources.
Since 1998, dozens of Oklahoma entrepreneurs have secured funding through the TBFP. To date, more than $7.8 million in funds had been awarded to 67 companies. The state-funded program has been recognized nationally as a model of best practices.
Tom Francis, vice president of investment funds for i2E, said the purpose of the program is to assist advanced technology companies achieve proof-of-concept and reach a position where they are attractive for early-stage private sector funding.
Approximately 10 awards of $100,000 each are available for this fiscal year.
To learn more, visit www.i2E.org and click on the Tech Business Finance Program link. Or, statewide, call (800) 337-6822.