La. Admin. Code tit. 19 § VII-7703
Board - Board of Directors of Louisiana Economic Development Corporation.
Co-Investment - an investment in which financial investors take part with each other and act jointly by uniting or combining together.
Corporation - Louisiana Economic Development Corporation.
LED - Louisiana Department of Economic Development.
LEDC - Louisiana Economic Development Corporation.
Match Investment - an investment in which a financial investor provides or combines additional funds to equal, meet or complement funds provided by another investor or other investors.
Seed Capital ( for the purposes of this program) -
1. a dollar amount of not less than $25,000 of capital provided to an inventor or entrepreneur to prove a concept and to qualify for start-up capital, which may involve product development and market research, as well as building a management team and developing a business plan, if the initial steps are successful;
2. research and development financing to finance product development for start-up as well as early-stage companies (which may include a company that may already be in business for three years or less);
3. start-up or early-stage financing to companies completing product development and initial marketing which companies may be in the process of organizing or they may already be in business for three years or less, but have sold their product commercially; or
4. first-stage or early-stage financing to companies that have expended their initial capital and require funds to initiate full-scale manufacturing and sales, for costs of inventory, equipment, expansion, modernization, and for working capital purposes.
Venture Capital Fund - also referred to herein as a seed capital fund, or the applicant organization; a fund that makes and manages a portfolio of investments in individual companies or businesses.
La. Admin. Code tit. 19, § VII-7703