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Physical Science and Energy Investment Application

Next proposal due: July 8, 2013. It is strongly
recommended to submit an Executive Summary at least
2 weeks before the proposal is due.

Click here to view 2013 Review Cycle Dates

Overview

As BFTP/SEP seeks to invest in only the most promising and sustainable ventures, funding for physical sciences companies is extremely competitive. Most of the companies successful in raising BFTP/SEP funding possess the following characteristics:

  • Experienced business management
  • Strong IP and patent protection
  • Disruptive and unique technology
  • Sound business and scientific approach
  • Leveraged sources of capital (SBIR, Angel, Early Stage Venture Capital, other state funding sources)
  • Ability to achieve a significant milestone with BFTP/SEP dollars
  • Long term sustainability and job creation
  • Beta customers and/or product sales

 

Physical Sciences Application Documents

  • Program Information Instructions: doc
  • Executive Summary (Due: June 24, 2013): doc
  • Application: doc
  • Budget: xls
  • Milestones: xls

 

Terms

BFTP/SEP’s standard investment terms for physical sciences companies include:

  • Convertible Debt for Innovation
  • Debt and Success Fee for most Emerging and Emerging Plus
  • Warrant
  • Lien on Technology
  • Board Observation Rights
  • BFTP/SEP reporting compliance

Term Details: pdf

 

View PS Investment Committees

 

For more information, please contact:

MODANeat CompanyMolecular DetectionCoats AnalyticsClick EquationsClear AlignBioNano GenomicsScience CenterBio AdvanceDVIRCNFTEPennsylvania BIOPhilly Startup LeadersSELECT Greater Philadelphia