WEDC provides matching grants typically ranging from $50,000 to $500,000 to approved organizations or communities that manage a seed fund to provide capital to high-growth startups and emerging growth companies, or support R&D-to-commercialization efforts. These locally managed funds may provide grants, loans and/or investments in startups and early-stage and innovative small businesses that operate in their service area. Loan repayments and returns on investment may stay within the fund to assist additional companies and create a supportive environment for business creation and development.
Recipients of WEDC Capital Catalyst funds must demonstrate organizational capability and the availability of entrepreneurial support to achieve program goals. Capital Catalyst fund recipients may include units of government, educational institutions, foundations, other nonprofit entities, or investment holding entities established by otherwise eligible entities. Recipients must match at least 1:1 the amount of seed grant funding provided by WEDC.