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Funding Sources

List of early stage funding sources that you may want to consider:

Institution:  Funding:
Rochester Area Economic Development Inc (RAEDI) Economic Development Fund
Up to $250,000 in loans or equity to support start-ups.
— Application form
For more information contact Gary Smith
Southern Minnesota Initiative Foundation (SMIF) Seed Fund Program
Up to $25,000 to perform research and analysis, patent opinions and filings, and product testing and analysis.
— Fact Sheet and Application
Southern Minnesota Initiative Foundation (SMIF) Southern Minnesota Equity Fund
Up to $100,000 equity investment in to early stage companies.
— Fact Sheet and Application
For more information contact Pam Bishop
SE MN Capital Fund Angel Fund based in SE MN
Up to $100,000 equity investment in to early stage companies.
— GUST Application site
For more information contact Exec Team
 Gopher Angels Up to $1,000,000 for Minnesota companies with demonstrated market validation to grow to the next funding stage.

We invite you to let us know about other links to include in this list, please contact us.