Requests For Proposal


State Small Business Credit Initiative (SSBCI)

On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 2010 (or the "Act"). The Act created the State Small Business Credit Initiative (the "SSBCI"), which was funded with $1.5 billion to strengthen state programs that support lending to as well as investment into small businesses. The SSBCI is expected to help spur up to $15 billion in lending and private investments. The State of Indiana, as a participating state, intends to build on successful models for state small business programs, including Capital Access Programs (CAPs) and the venture development models implemented via a partnership with Elevate Ventures.

One of the goals shared by the State and Elevate Ventures is to encourage the formation of seed or early-stage angel funds across the State to be a part of a state-wide entrepreneurial and investment network. The purpose of such network, managed by Elevate Ventures, is to link partnering organizations, entities, and groups to provide Indiana's entrepreneurs both new resources and better access to existing resources, all for the purpose of fostering and promoting the development of new and emerging companies within the State in support of the Indiana economy and its creation and retention of jobs.

Investments will be made consistent with the SSBCI guidelines and in a manner which is determined to be in the best interests of the State. Subject to the reporting and operational requirements of the Act, applicants must acknowledge their ability to comply with and their responsibility for all applicable record keeping and reporting requirements.

Request for Proposals 11-SSBCI-2 (High Growth Lending)
Indiana 21st Century Research & Technology Fund
Solicitation For: STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI)
Response Due Date: August 24, 2011
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Request for Proposals 11-SSBCI-1 (Seed or Early-Stage Funds)
Indiana 21st Century Research & Technology Fund
Solicitation For: STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI)
Response Due Date: August 24, 2011
View the RFP

Request for Proposals 13-SSBCI-1 (Seed or Early-Stage Funds)
Indiana 21st Century Research & Technology Fund
Solicitation For: STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI)
Response Due Date: December 31, 2015
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Request for Proposals 14-SSBCI-1 (Seed or Early-Stage Funds)
Indiana 21st Century Research & Technology Fund
Solicitation For: STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI)
Response Due Date: December 31, 2015
View the RFP