Massachusetts Technology Development Corporation 40 Broad Street Suite 230 Boston, MA 02109 Tel: 617.723.4920 Fax: 617.723.5983

 

MTDC's Venture Capital Investment Criteria

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MTDC's investment staff reviews each application for venture capital. No formal application is necessary, but the presentation of a comprehensive, written business plan is required. The process includes an in-depth review of the business plan, meetings between company and MTDC management, and preparation of a detailed investment report for review by the MTDC Board of Directors.

MTDC only makes venture capital investments in companies with the following characteristics:

• The company must be located in, or agree to locate in, Massachusetts.
  
  
• The company's business must be technology-based, and its principal products or services must be sufficiently innovative to provide a competitive advantage.
  
  
• The business expansion which MTDC's venture capital investment would help to finance must produce a significant growth in employment.
  
  
• The company must be able to demonstrate that it has been unable to secure sufficient venture capital from conventional sources on affordable terms to finance its expansion.
  
  
• The company must be able to show the prospect of a high rate of return on MTDC's venture capital investment.

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How to Apply for Venture Capital

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You must submit a comprehensive business plan. A thorough plan facilitates the investment process.

The plan should address the following areas:

• Characteristics and proprietary position of the company's products or services;
  
  
• Present and future markets for those products or services;
  
  
• Strategy for achieving and maintaining significant market share;
  
  
• Company's financial history (if applicable) and projections, including balance sheets, profit and loss statements, and cash flows;
  
  
• Backgrounds, experience, and financial commitments of principals and key managers;
  
  
• Statement of the amount, timing and projected use of the venture capital required; and
  
  
• Statement of the projected growth in employment, or other positive economic impacts, which an MTDC venture capital investment would facilitate.

Proposals for financing should be sent to:

Robert J. Crowley
President
MTDC
40 Broad Street, Suite 230
Boston, MA 02109
Tel: (617) 723-4920

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