This Spring, Bucks Built will invest $25,000 into 5 early-stage startups with funding from the Bucks County Industrial Development Authority and provide 5 grants of up to $5,000 funded by Penn Community Bank.
Sponsoring Agency: Bucks County Industrial Development Authority
Type of Fund: Grant
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 06/13/2022
Size of the Fund: Less than USD $50,000
This Spring, Bucks Built will invest $25,000 into 5 early-stage startups with funding from the Bucks County Industrial Development Authority and provide 5 grants of up to $5,000 funded by Penn Community Bank.
Through up to 12 months of iterative advising, resources, and connections, they help recipients master growth and access follow-on investment.
Benefits
Investment or Grants
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- Up to $25,000 investment or $5,000 grants to help fund your business and cover expenses
- The investment is provided as convertible note (i.e., short-term debt that converts into equity)
- Customized Support
- Best practice advising on funding and governance
- Pitch coaching and practice sessions
- Focused advising for market traction and top-line growth
- Ongoing and on-call advising from the Bucks Built advisors
- Priority to present at weekly Founder’s 30 forums
- Introductions to follow-on investors, funding sources, and partner opportunities
Resources
- Operations and tech stack audit and framework from Coherent Ways
- Free access to workspace and meeting rooms at Stacks Co. in Doylestown, [email protected] in Philadelphia, and Nomadworks in Manhattan
- Introductions to trusted services like accounting, legal, insurance, marketing, etc.
- Community of early-stage and experienced founders
Eligibility Criteria
The stage and industry of qualified startups can vary, but they must meet the following basic criteria:
- Innovative and designing to scale
- No more than 5 employees
- Currently incorporated entity (e.g., LLC, C-corp, etc.)
- And at least one of the following within 12 months of funding:
- Owner residing or planning to reside in Bucks County
- Operating in or planning to operate in Bucks County
- Committed to hiring in Bucks County
- Companies do not need to be incorporated in Pennsylvania or based in Bucks County to apply.
More information at: https://startupbucks.org/bucks-built
Eligible Countries:
United States
Business Categories:
Business, Startups
