Small Enterprise Growth Fund
The mission of the fund is… “to provide resources to attract, support and develop eligible small businesses that will contribute to the prosperity of Maine” Current Portfolio Maine's Venture Capital Fund The SEGF was created by an act of the Maine Legislature in 1995 to provide Maine companies and entrepreneurs access to patient sources of venture capital. The fund is a $9 million dollar revolving, “evergreen” fund. The SEGF is a professionally managed venture capital fund that invests exclusively in Maine companies that demonstrate a potential for high growth and public benefit.
Use: The SEGF is a Maine-based fund that focuses exclusively on investing in promising growth companies. The fund considers Maine based companies in almost all industry sectors, though the return potential of the investment must be high enough to justify the risk taken. A company must meet the following threshold criteria in order to be considered for an investment from the SEGF: * Employ 50 or fewer people or have gross sales of $5,000,000 or less within the past 12 months * Provide evidence of the need for financial assistance to realize its projected growth and achievement of public benefit * Demonstrate a co-investment in an amount at least equal to the investment amount sought from the SEGF The SEGF considers each company and investment opportunity on an individual basis.
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Small Enterprise Growth Fund
18 Pleasant Street, Suite 201
Brunswick , ME 04011-2201
207-373-9306
207-373-9333
terri@segfmaine.com
www.segfmaine.com

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