Business Lending Partnership Program

About this funding opportunity

SSBCI Oklahoma Venture Capital Investment Program (OVCI)

The Oklahoma Venture Capital Investment program is set to strengthen the state’s economy and incentivize the growth of private venture capital in Oklahoma by investing nearly $49 million of SSBCI dollars in Oklahoma based venture funds. Through an open request for proposals, OCAST will award SSBCI dollars to Oklahoma based venture funds for the purpose of making investments in Oklahoma based innovation companies. Selected venture funds will be required to match every dollar of federal funds with a minimum of a dollar of matching private investment capital.

Boyd Street Ventures is an Oklahoma-based venture capital firm that supports innovative startups in the region through investment and strategic guidance.

Cortado Ventures is an Oklahoma-based venture capital firm that invests in early-stage and growth-stage technology companies, aiming to foster innovation and drive economic development in the region. In addition to their regular portfolio, Cortado Ventures in partnership with Oklahoma Farm Bureau will also be offering a special targeted investment fund for companies located in rural communities. Oklahoma Farm Bureau brings the needs of business in rural communities across the state to this investment collaboration.

The Oklahoma Life Science Fund provides financial resources to promising companies involved in areas such as biotechnology, pharmaceuticals, medical devices, and healthcare services. The fund aims to drive innovation, foster collaboration, and accelerate the growth of life science ventures in Oklahoma by offering capital, expertise, and strategic guidance.

FortySix Venture Capital is an Oklahoma-based venture capital firm that specializes in early-stage technology startups. They provide financial support, mentorship, and strategic guidance to innovative companies, helping them scale and succeed. Oklahoma Business Lending Partnership Program (OBLP)

The Oklahoma Business Lending Partnership Program will provide up to $32.7 million in nondilutive loans. These loans will be administered through TEDC Creative Capital.

OBLP OVERVIEW

TEDC Creative Capital is a community development financial institution providing financial resources, mentorship, and business support to artists, entrepreneurs, and cultural organizations to help them grow and thrive. TEDC will have the ability to make direct loans or partner with other Oklahoma based banks to deliver the OBLP program. SSBCI Technical Assistance Partnership Program

_Are you a small business entrepreneur seeking capital funding, whether applying, preparing to apply, or reapplying, and in need of technical assistance in legal, financial, accounting, or cybersecurity support?_ Please complete intake form below....

SSBCI TA BUSINESS INTAKE FORM

The OCAST SSBCI Technical Assistance Partnership provides legal, accounting, and financial advisory services to SEDI-owned and VSB businesses and those in underserved populations and rural Oklahoma. The overarching goal is to prepare SEDI- and VSB-based companies for application to Oklahoma’s SSBCI capital programs, state programs, and other federal programs. The technical assistance includes a mixture of courses, deep-dive sessions, and one-on-one mentoring and coaching. In addition to OCAST, gener8tor, Oklahoma Farm Bureau, Oklahoma Minority Founders Accelerator, and The Collaborative Law Clinic are partners in the program.

gener8tor is a nationally ranked venture capital firm and accelerator that brings together startup founders, investors, corporations, job seekers, universities, musicians and artists. The gener8tor platform includes more than 75 programs spanning startup accelerators, corporate programming, speaker series, conferences, skills accelerators and fellowships. gener8tor believes that everyone deserves opportunities, regardless of race, place or gender, and perfectly aligns with the SSBCI technical assistance program.

Oklahoma Farm Bureau is a…

Topic areas: Public Policy and Governance, Workforce Development.

Funding amount

This other provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Business Lending Partnership Program is administered by Oklahoma Center for the Advancement of Science and Technology (OCAST), listed via Oklahoma Center for the Advancement of Science and Technology.