New Application Deadline for 21CJF
Deadline to apply for the 21st Century Jobs Fund competition is moved to June 30 The SEIC Board has not yet selected a peer review organization for the 21CJF competition. Their next meeting to make that decision is in mid-June, after the original June 4 deadline. Therefore they had to push out the date. It is actually a good thing in that it gives companies more time to raise their matching investments and/or commitments. Have you registered? ... [Read More...]
21CJF Update
New information about application content Have you read the FAQ regarding the 21st Century Jobs Fund competition recently? Here’s the link: http://ref.themedc.org/cm/attach/18efd0c7-95d3-4a2f-89e4-cae672d8ecd2/20080428_FAQs.pdf Here are some highlights that shed more light on the RFP. You already know there will be 2 types of loans, a straight loan and a convertible note. Which will apply to you? The MEDC says this will be negotiated... [Read More...]
21st Century Jobs Fund Survey
Survey of companies considering an application for the competition Shepherd Advisors is conducting a volunteer survey of companies considering application to the 21CJF competion. http://www.surveymonkey.com/s.aspx?sm=pub_2bWsXr5QdcceT8FBMjIw_3d_3d The survey is short and is designed to capture some very general information about interested applicants. By collecting this info we may get a sense of just how many applications there may be as well... [Read More...]
SEIC Meeting Review
Summary of meeting of SEIC Board on April 9 The SEIC Board met on April 9, 2008 to approve the RFP for the next round of the 21st Century Jobs Fund, officially launching the competition for $30 million to be loaned to technology companies in Michigan. There was discussion about the RFP and the competion, and the RFP for peer review organizations to judge the competition. Our friend David Havilland with Shepherd Advisors was there and has summarized... [Read More...]
21st Century Jobs Fund next round delayed
SEIC Board meeting canceled 2/25/08 Yesterday’s meeting of the SEIC Board was canceled since not enough members could attend to make a quorum. Their next meeting is March 12. See their schedule for the year here: http://www.themedc.org/Boards-Committees/SEIC-Board/Default.aspx The main item on the agenda yesterday that is now delayed two weeks was to approve the announcement of the RFP for eligible companies of the $30 million next round... [Read More...]
Next Round of 21CJF
Stay tuned for announcement from SEIC board The SEIC board is meeting Monday February 25. At that meeting they might approve the RFP for applicants to compete for the $30 million round of funding available this year. Our friend David Haviland at Shepherd Advisors, who tries to attend all the SEIC meetings, was at the January meeting and reports on what he heard in his blog at http://mi21cjf.proboards100.com/index.cgi?board=306news&action=display&thread=22. A... [Read More...]
Next Round for 21st Century Jobs Fund ‘On Hold’
February SEIC Board Meeting cancelled The Michigan Strategic Fund Board meets next Wednesday. Although the minutes of their January meeting are not on-line yet it is common knowledge that they did not approve the SEICs request to start a new round of funding for Michigan start-ups. The MSF wants to use the $34 million for other programs. Some of those dollars may be for programs that will help Ann Arbor respond to the opportunities and challenges... [Read More...]
