Physical Science and Energy Investment Application
Next proposal due: July 8, 2013. It is strongly
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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:
- Mark deGrandpre, Ph.D.
Director of Investments, Physical Sciences














