When Oklahoma received approval for $13.2 million in State Small Business Credit Initiative (SSBCI) funds, we announced three new funds. Each fund is designed to address the capital needs of entrepreneurial companies at various stages of innovation and growth.
StartOK Accelerator Fund creates funding opportunities for companies that are in the early stages of bringing products to market. GrowOK Fund targets later stage companies that need capital to expand.
The third fund is the OKAngel Sidecar Fund.
As its name suggests, a sidecar is capital that “rides” alongside the capital invested by angel groups and angel investors.
To read the full, original article click on this link: The Advantages of a Sidecar Fund | i2E – Innovation to Enterprise
