Mississippi Resources

Mississippi Seed Fund

Tasha Bibb
Entrepreneurial Development Director
(601) 960-3610
tbibb@innovate.ms

Purpose of Initiative

“The Mississippi Seed Fund is managed by Innovate Mississippi. Innovate Mississippi provides high-tech, startup companies with access to pre-seed financing, early-stage risk capital and product development capital to stimulate and accelerate the development of high-performance, technology-based business ventures in Mississippi. The Seed Fund consists of the Proof of Concept, Research and Development, and New Technology Business programs.”

Application Process

“Potential applicants will meet with Innovate Mississippi staff to present their business plans and funding proposal. Once a proposal meets Innovate Mississippi application standards, the applicant will be formally invited to apply to the Seed Fund. A completed application and required documents, including a business plan or product development plan (R&D), will be filed with the Seed Fund program manager. Innovate Mississippi staff will then review the application, business plan and documents for completeness and compliance with eligibility requirements. Those applications and business plans that meet the standard criteria will be forwarded to an expert, third party reviewer for analysis and scoring. Once due diligence is complete, applications will be presented to the Seed Fund Investment Board for a final decision. Upon approval, the Seed Fund Agreement and Note will be prepared and signed by both parties. Draws on the award will be made on a reimbursement basis.”

Award Details

“Proof of Concept: Maximum one-time award of $10,000 Research and Development: Maximum award of $100,000 in any one year, with a $200,000 aggregate limit New Technology Business: Maximum award of $100,000 in any one year, with $200,000 aggregate limit.”

Updated April 2018 by Kristin Stiner

HEADQUARTERS

3161 Union Street
N. Chili, NY 14514

MAILING ADDRESS

Dawnbreaker, Inc.
2117 Buffalo Rd., Suite 193
Rochester, NY 14624

PHONE

(585) 617-9420
Fax: (585) 594-8623

Developing Network Contacts (DevNC)

When you need to reach out...

There are times when you need to reach out to others – whether you are looking for potential customers, potential partners, or potential investors. But who should you call…and how do you address your fear of contacting them. The DevNC is a unique market research tool designed to provide you with between 25 and 30 Points of Contact (PoC). With each POC, information is included that provides insight about the person’s role. Depending on their position, other information commonly included relates to their background, articles that they have written, conference presentations and other pertinent information. This type of information enables you to customize your correspondence. Contact information is also included – typically LinkedIn, email and phone number.

Competitor Analysis

Your customers know your competitors! Do you?

Maybe you believe that you don’t have any competition, but your customers know better! Their needs are being addressed now – perhaps not as well, but if there is a need, someone is providing a solution. Learn about the competition and be prepared to differentiate your solution from that of others. Dawnbreaker’s competitor analysis contrasts your competition on specifications, performance and price. Armed with this information we can help you create a compelling value proposition.

DoD Transition Information Packet (TIP)®

The Transition Information Packet (TIP)is a market research report specifically developed for small businesses working with the Department of Defense.

Customized Market Research (CMR)®

Filling in the gaps in your commercialization strategy….

The CMR provides our team with the greatest flexibility in addressing gaps in the information you need to refine your commercialization strategy. Based strictly on secondary literature, the market researcher can look for information that will help you understand changes in government regulations, market dynamics, emerging solutions, sources of funding, points of contact and other challenges you pose. Based on the information gathered, a business strategist will add comments throughout regarding the implications of the information for your strategy.

LICA Licensee Analysis®

Who will take the best care of your baby?

You’ve done a great job with your R&D. You’ve been careful to protect your intellectual property – but those next steps to bring the product to market seem out of reach. There’s too much competition, scale up would be too expensive – so you’ve decided to license-out your intellectual property. The challenge before you is to find the best licensee to bring your baby to market. Let us help you. We will profile organizations that frequently cite your patents and dig deeper to determine their financial health, technology and market synergies, and experience with licensing-in.