Businesses caught in the “valley of death” between seed funding and venture capital will have a new source of funding, thanks to the Milwaukee 7 economic development partnership.
The M7’s new $1 million Capital Catalyst venture fund will provide loans and grants totaling $50,000 to $125,000 to early stage companies who are working to attract the next stage of funding.
The amount of the funding that is given in grant form will depend on the startup’s development and sales progress. The M7 money could be used for product development, market validation, new equipment, marketing or sales assistance, among other options. Read the full story here.