Frequently Asked Questions

What is the general time period between the moment MTDC receives a plan and the time the team is given an indication of funding potential?

It will take three to five weeks after receipt of your plan before we can make a preliminary determination of interest. If it does not fit our investment criteria, we will let you know as soon as possible.

Do you prefer a full business plan or an executive summary to start?

MTDC focuses on companies with proprietary products based on the application of technology. The companies need to demonstrate that they are having difficulty raising capital. Generally, this is true of companies raising $3 million or less that are focusing on relatively small market niches. Since MTDC requires co-investors, the timetable for presenting an investment to our Board is generally dependent on the timetable that prospective co-investors are considering in evaluating a deal. As a rule of thumb, companies should plan on 5 to 8 months of fund-raising activity before a deal may receive investor commitments. If a commitment is made, it will take an additional one to three months before the investment is closed.

Does MTDC take the lead or do they require another firm to take that role? Can the co-investor(s) be angels or does MTDC require a firm as a co-investor?

We require co-investors. MTDC is rarely the "financial lead," but it is not unusual for our Corporation to make the first formal commitment.