Technology Development Fund
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| Southwest Initiative Foundation provided loan funding to Feedlogic Corp. in Willmar, Minn. |
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Assists businesses in the development or
expansion of products and technologies to create
investment quality opportunities and foster longterm
economic growth in southwest Minnesota.
Equity or equity-like funds are available to existing or potential
manufacturers, processors and related businesses that are
developing or expanding a new product or technology that has
potential for growth and product uniqueness, as well as the
potential for profits.
Funds may be used for market research and expansion,
product development or improvement, tooling and
process-related
equipment, working capital, capital expenditures and
organizational development.
The applicant’s prior business experience, financial and
personal commitment and ability to bring the product to market
will be considered.
The funding amount typically ranges from $5,000 to $50,000
and a one-to-one financial match is required.
Repayment schedule will be based on the project and amount
of funding received.
Applicants should contact SWIF at 800-594-9480,
320-587-4848 or loans@swifoundation.org early in the
project development stage.
Applicants should complete a loan application.
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Additional Resources: |
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- No additional resources at this time.
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