Montco Made is a partnership between the Montgomery County Industrial Development Authority (MCIDA) and Ben Franklin to invest in emerging and growing companies in Montgomery County, Pennsylvania.
Since 2018, Ben Franklin has partnered with the Montgomery County Industrial Development Authority (MCIDA), an economic development authority that aims to maintain a high level of employment and create and maintain business opportunities in Montgomery County, Pennsylvania, to provide capital to emerging and growing companies located in Montgomery County through the Montco Made Investment Initiative. Under the program, Ben Franklin uses its proven investment experience to identify companies and technologies suitable for funding, and allows MCIDA to participate in Ben Franklin’s investment opportunities. To date, through the Montco Made program, MCIDA has invested almost $1 million in local businesses, and MCIDA’s total commitment during the life of the program is $1.5 million.
FAQs
Q: What is it?
A: An investment program specifically focused on seed and early-stage ventures, providing capital to Montgomery County-based businesses. Goals of the program are to bring attention and capital to startups at the earliest stage feasible and to make successful investments.
Q: How does it work?
A: Ben Franklin uses its proven investment experience to identify companies and technologies suitable for funding, and allows MCIDA to participate in Ben Franklin’s investment opportunities. Seed and early-stage companies must be located in, be committed to locating in, or have a significant business presence in Montgomery County, Pennsylvania.
Ben Franklin will be responsible for due diligence on prospective companies. Ben Franklin will manage the investments in qualifying companies.
Q: Will other investors be able to participate in these rounds?
A: Yes. Additional investors are encouraged and welcome. Like all investments managed by Ben Franklin, Invest Montco will require matching investments in each round.
Q: What companies can qualify for this funding?
A: Seed and early-stage technology companies located in, committed to locating in, or with significant business presence in Montgomery County.
Q: Can companies receive multiple rounds of funding from this partnership?
A: Yes, companies can pursue multiple rounds of funding.
Q: How can companies pursue this funding opportunity?
A: Interested companies should initiate discussions with Ben Franklin. Learn more at www.sep.benfranklin.org, and by attending one of the regular Meet Ben events throughout the region.
Q: When does this start?
A: Now.