§ 290. Definitions

§ 290. Definitions For purposes of this chapter: (1) “Follow-on investment” means any investment in a Vermont firm following the initial investment. (2) “Fund manager” means the investment management firm responsible for creating the fund, securing capital commitments, and implementing the fund’s investment strategy, consistent with the requirements of this section. The fund manager shall […]

§ 291. Entrepreneurs’ Seed Capital Fund; authorization; limitations

§ 291. Entrepreneurs’ Seed Capital Fund; authorization; limitations (a) The Vermont Economic Development Authority shall cause to be formed a private investment equity fund to be named “the Entrepreneurs’ Seed Capital Fund” or “the Fund” for the purpose of increasing the amount of investment capital provided to new Vermont firms or to existing Vermont firms […]