Venture Debt Investments - Program Background
MassCEC’s Venture Debt Program was approved by the MassCEC Board in 2009. The Venture Debt program was created to fill funding gaps for clean tech companies who are looking for venture debt, but who may have trouble attracting private resources. The goals of the program are to:
- Assist growing companies reaching major expansion milestone in Massachusetts (May include manufacturing build-out, major sales force expansion, or other growth)
- Fill a funding gap by offering loans to early-stage companies at competitive rates
- Create new, sustainable green jobs in Massachusetts
Additional details on MassCEC’s investment policy and strategy can be found here.