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Vermont Seed Capital Fund

The Vermont Seed Capital Fund, LP is looking for select investment opportunities in early stage, high opportunity, technology based companies in Vermont. Objectives are to impact next generation job and wealth creation in Vermont by providing companies and entrepreneurs access to early stage risk capital. The fund is a revolving, “evergreen” equity fund with $5 million of initial capitalization from the State of Vermont and U.S. Senator Patrick J. Leahy. The Vermont Economic Development Authority (VEDA) is a strategic partner for this fund.

This is a professionally managed venture capital fund which invests exclusively into Vermont start-ups and growing firms determined as offering high growth potential, financial return commensurate with risk, and public benefit for Vermonters. Portfolio firms also have access to substantive programs, facilities, partners, and value-adding services offered via a strategic relationship with the non-profit VCET organization.

Investment transactions range from $25,000 to $250,000. The fund can act as lead investor or as part of investment syndicate.

Basic Eligibility Criteria: Any Vermont based start-up, emerging growth firm, or team seeking to form a new company, relocate or expand into Vermont is eligible for consideration except if your company:

  • Has last 12 month sales greater than $3 million
  • Has headquarters or principal team location outside of, or not committing substantially to Vermont
  • Is a restaurant, retail store or real estate project

Each company or proposal submitted is considered on an individual investment basis. Venture capital is a highly competitive source of private funding. The Fund targets market based investment returns from high opportunity businesses with exciting market opportunities, innovative technologies and credible founding teams.

The investment process takes considerable time and effort, so be prepared and forewarned. Funding is highly competitive and not all worthy firms will be funded. This is not a grant program. The process includes:Initial Screening: Firms will be reviewed for eligibility, suitability, entrepreneur qualities, and initial assessment. A response declining to pursue, offering alternative funding sources, or seeking follow up information will result.Initial Due Diligence: Firms experience an in-depth review and assessment on their markets, business model, financials & capital path, existing & prospective management team, technology & products, sales & distribution, and comparative advantages, among other areas.

Advanced Due Diligence: Few firms reach this step. Transaction structure, valuation, terms, corporate and legal due diligence and remaining questions are completed. If an investment is considered desirable and fund objectives can be attained, then an Investment Recommendation is prepared for the Investment Committee and any invited domain or subject matter experts.

Investment Decisions: The independent Investment Committee has final determination on the proposed term sheet and investment recommendation. This committee is responsible for the approval of all investments.

Adding Value and Infrastructure: Portfolio firms have unique and advantageous access, if they so select, to facilities, professionals, networks, specialized research assets, and strategic partners associated with the VCET organization. In addition to Board participation, the Fund Manager and VCET team are actively engaged with firms on building teams, accessing critical first customers, strategic partnerships, corporate strategy, networking and training opportunities, mergers and acquisitions, and executive mentoring. All of which lowers burn rates, lowers investment risk, hastens progress towards “value-changing” events, and increases probabilities for market based returns and success as Vermont based employers.

Follow-On Capital and Investment Exit: For most seed stage firms, follow-on funding is necessary to achieve their potential. We offer an exceptional network of local, regional, and national venture firms, corporate investors, angel investors, grant and debt options to fund firm growth and next stage development. Our team will be involved in sourcing follow-on capital and active regarding exit and liquidity opportunities.

Vermont Seed Capital Fund The Vermont Seed Capital Fund, LP is looking for select investment opportunities in early stage, high opportunity, technology based

Seed Program

Information concerning unsolicited seeds can be found here.

This program provides for the sampling, analysis and testing of seeds sold in the state. The purpose of the inspection and analysis is to ensure seed purchasers are receiving a product that’s germination rate and purity are as stated on the label. This program also provides for the tracking of genetically engineered and treated seeds distributed in Vermont.

Seed Labels
Per Vermont Statute, all seeds sold in the state of Vermont, must have a label or tag on all containers. For further information on label requirements please review our Seed Label Requirements.

Seed Reports

Tonnage is due on an annual basis. You will receive a copy of the tonnage report form with your seed dealer renewal. Tonnage is due no later than February 15 th . If you have misplaced your tonnage report form you can download a blank seed tonnage form.

For agricultural seeds distributed in Vermont, an annual report must be filed with the Vermont Agency of Agriculture regarding the quantity of treated and untreated seeds. This report is due no later than February 15 th . You can download a blank copy of the Agricultural Treated Seed Form.

Seeds that have been genetically engineered must be reported to the Vermont Agency of Agriculture on an annual basis. You will receive a copy of the genetically engineered seed report form with your seed dealer renewal. If you do not sell genetically engineered seeds, simply check the corresponding box on the form. This report is due no later than February 15 th . If you have misplaced your form, you can download a copy of the blank genetically engineered seed report form.

Seed Fees

Seed dealers are required to register with the Agency. The annual registration fee is $85. Seed tonnage fees are also required. The fee is $10 per ton for seeds sold in containers greater than 10 pounds.

Seed Dealer Application

The Application for Registration of Seeds is used to register manufacturers or processors that distribute seeds in the state of Vermont. Please use this application for new registration only. In November each year we generate a computerized renewal form that will be mailed to you. Please do not use this application to renew your registration.

Resources

If you have questions call 802-828-5050 or email [email protected]

Related Seed Rules and Regulations

Seed Program Information concerning unsolicited seeds can be found here. This program provides for the sampling, analysis and testing of seeds sold in the state. The purpose of the inspection