The Startup Bucks is inviting applications for its Built Startup Fund to promote economic development in Bucks County through investment in and support for early-stage startups.
Donor Name: Startup Bucks
State: Pennsylvania
County: Bucks County (PA)
Type of Grant: Grant
Deadline (mm/dd/yyyy): 06/13/2022
Grant Size: $25,000
Grant Duration: 12 months
Details:
This Spring, Bucks Built will invest $25,000 into 5 early-stage startups with funding from the Bucks County Industrial Development Authority and provide 5 grants of up to $5,000 funded by Penn Community Bank.
Through up to 12 months of iterative advising, resources, and connections, they help recipients master growth and access follow-on investment.
What Bucks Built Startups Receive
- Investment
- Up to $25,000 to help fund their business and cover expenses
- The investment is provided as convertible note (i.e., short-term debt that converts into equity)
- Customized Support
- Curated mentor match
- Pitch coaching and practice sessions
- Focused advising for market traction and top-line growth
- Ongoing and on-call advising from the Bucks Built advisors
- Priority to present at weekly Founder’s 30 forums.
- Introductions to follow-on investors, funding sources, and partner opportunities.
- Resources
- Operations and tech stack audit and framework from Coherent Ways
- Free access to workspace and meeting rooms at Stacks Co. in Doylestown, in Philadelphia, and Nomadworks in Manhattan
- Introductions to trusted services like accounting, legal, insurance, marketing, etc.
- Community of early-stage and experienced founders
Eligibility Criteria
The stage and industry of qualified startups can vary, but they must meet the following basic criteria:
- Innovative and designing to scale
- No more than 5 employees
- Currently incorporated entity (e.g., LLC, C-corp, etc.)
- And at least one of the following within 12 months of funding:
- Owner residing or planning to reside in Bucks County
- Operating in or planning to operate in Bucks County
- Committed to hiring in Bucks County
- Companies do not need to be incorporated in Pennsylvania or based in Bucks County to apply.
For more information, visit Startup Bucks.