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Innovation Finance Reference Guide

About the Reference Guide

The Innovation Finance Reference Guide explores the growing seed, venture capital and angel investment industry. Written by Robert Heard of Cimarron Capital Partners and Jim Troxel of Development Capital Networks, this guide gives development finance agencies a roadmap for building an innovation finance initiative that supports entrepreneurship, business investment, job creation, and 21st century technology development.

A successful innovation finance program provides access to capital for entrepreneurs, new technology ventures, and emerging small businesses, and can be incorporated into a small community effort or a larger broad-based statewide initiative. The Innovation Finance Reference Guide explains how to design a program that uses public-sector connections, resources, and coordination to drive long-term and sustainable private-sector investment.

The Innovation Finance Reference Guide is the primary curriculum for CDFA's Seed and Venture Capital Finance Course.

Chapter 1: Building the Entrepreneurial Ecosystem

Chapter 2: Tapping the Full Capital Continuum

Chapter 3: Accessing Local, Private Seed Capital

Chapter 4: Analyzing a Deal - Conducting Due Diligence

Chapter 5: Knowing Your Investment Appetite

Chapter 6: Valuing a Company, Pricing the Deal

Chapter 7: Structuring the Deal - Legal Terms for a Venture Investment

Chapter 8: Creating Value - Managing an Investment for Best Results

Chapter 9: Implementing Angel Groups and Angel Funds

Chapter 10: Tapping the Sources of State Sponsored Venture Capital

Case Studies




CDFA National Sponsors

  • Alaska Industrial Development and Export Authority
  • Baker Tilly Virchow Krause
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Fifth Third Bank
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McCarter & English, LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
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