Small Enterprise Growth Fund (Maine)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Maine



Name Small Enterprise Growth Fund (Maine)
Policy Category Financial Incentive
Policy Type Equity Investment
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes
Implementing Sector State/Province














Program Administrator Small Enterprise Growth Fund
Primary Website http://www.mainelegislature.org/legis/statutes/10/title10ch13sec0.html


Last Review 2014-09-15


Information Source http://www.segfmaine.com/


Summary

The Small Enterprise Growth Fund is a professionally-managed venture capital fund that invests in Maine companies which demonstrate high potential for growth and public benefit. The fund has received $13 million in capital contributions from the state and operates as a revolving fund. Companies in nearly any industry are eligible for funding, including seed and early stage companies. On average, $100,000 to $300,000 is invested per company, and the program cultivates and introduces the company to many investors.


Policy Contact

Contact Name John F. Burns (Fund Manager)
Department Small Enterprise Growth Fund
Address Brunswick Business Center, 18 Pleasant St., Suite 201, Brunswick, ME


Zip/Postal Code 04011-2201
Phone 207-373-9306


Email john@segfmaine.com
Website http://www.segfmaine.com/


Authorities (Please contact the if there are any file problems.)

Authority 1: 10 M.R.S.A. 381-392
Date Effective 1999
Date Enacted 1995

















References