Funding

Mentorship

  • MicroMentor helps emerging entrepreneurs grow their businesses through mentoring and advising relationships with experienced peers and business professionals.
  • iMantri hosts an online, peer-to-peer community for seeking and offering mentoring and coaching.
  • StartupNation. Free service founded by entrepreneurs for entrepreneurs

Funding Associations

Online Resources

Legal

Recruitment

Government

  • Workforce Training Fund offered by state government, www.tinyurl.com/6lynna. Funds for training current employees and new hires. If the web link does not work then go towww.mass.govand use the search function. In many cases employer contribution is limited to employee salary - training cost other than employee salary is covered by the fund.
  • Massachusetts Community Development Finance Corporation, www.mcdfc.com. Provides financing to small businesses in Massachusetts with the purpose of creating or preserving jobs and promoting economic development.
  • MassDevelopment, www.massdevelopment.com. Tax-Exempt Bonds provide very low interest rate financing for capital projects. Projects financed must be eligible for tax-exempt financing under the federal tax code. Tax-Exempt Equipment Lease/Purchase Program provides manufacturers, nonprofit institutions, and environmental enterprises with a low-cost alternative for financing $300,000 or more in new equipment needs. Used to be called Massachusetts Development Finance Agency which in turn was formed by merging Massachusetts Industrial Finance Authority and Massachusetts Land Bank.

Funding

  • New England Venture Capital Association - www.newenglandvc.org. Members page has about hundred firms listed.
  • SBIC (Small Business Investment Companies) based in MA,www.tinyurl.com/5esnt9. A public/private partnership that provides financing to small companies. SBICs are privately organized and managed venture capital firms licensed by the Small Business Administration (SBA). Also check out www.nasbic.org.

Other

  • Associated Industries of Massachusetts, www.aimnet.org. Largest nonprofit, nonpartisan association of Massachusetts employers

Mentorship

  • Valley Venture Mentors provides mentorship to seed-stage startups in the form of monthly events and
  • The Massachusetts Small Business Development Center (MSBDC)'s Western Regional Office Network provides free and confidential one-on-one business advisory services to prospective and existing small businesses.
  • SCORE is a non-profit dedicated to entrepreneurial education and provides face-to-face and email counseling.

Networking

Private Capital

  • Common Capital. Common Capital is a non-profit organization that is committed to a thriving local economy in order to create positive social and community impacts.  We align capital and other resources to community needs and opportunities.  We accomplish this by providing financing and business assistance consultation to small businesses and high-impact community projects.  A community loan fund can be a driver for creating a local, sustainable economy that offers a foundation for a better quality of life. Loan requests up to $300,000 are reviewed by Common Capital and considered for funding based on community benefit, business viability and risk considerations. Common Capital offers a variety of loan products for a range of credit needs with loan amounts beginning at $1,000. Borrowers may be individuals, businesses and nonprofit organizations. Common Capital funds both start-up enterprises and established businesses and serves businesses in Franklin County, Berkshire County, Hampshire County, Hampden County and parts of Worcester County.
  • Long River Ventures. Invests in seed and early stage companies in technology, healthcare and related sectors. Typical initial investment ranges from $500,000 to $1MM. Partner fund of The Berkshires Capital Investors. Both are part of the Village Ventures network. Long River Ventures has a managed fund of $50MM.
  • Longmeadow Capital Partners. Typically invests between $2 and $20 million. They sponsor financial transactions including management buy-outs and provide post-transaction operational assistance.
  • River Valley Investors. Group of individual investors. Contact is Paul Silva of Angel Catalyst.
  • Crosswind Partners.

Government

Prototyping

  • Page Product Design. From prototyping to production tooling. Launched products worth hundreds of millions of dollars.
  • Greentech Skunkworks. Design, prototyping and engineering of green technology solutions.

Other

  • The Harold Grinspoon Charitable Foundation (HGCF) supports the Entrepreneurship Initiative (EI) to foster entrepreneurship education among participating colleges and universities in the region.
  • Hidden-tech. A group of small companies scattered throughout the Pioneer Valley. Excellent resource for finding regional talent and obtain expert advice.
  • EDC is a private, non-profit corporation that is leading region's economic development by helping businesses to expand, relocate and succeed in Western Massachusetts. Check out the "partners" link to learn about additional resources and organizations.
  • University of Massachusetts Library. Free access to reports and databases from the library. Other libraries at state colleges (such as Springfield Technical Community College and Holyoke Community College) also provide free access and resources.
  • Business Growth Center. The Business Growth Center at Springfield Technology Park helps the businesses that come through its doors become more successful more quickly and, by extension, contributes to a vibrant, revitalized economy in Springfield and beyond with its programs, services, and facilities.
  • WISERTrade. Nationally recognized resource for international trade. Provides detailed trade statistics, reports and company listings to identify new global market locations and suppliers. WISER is located at Holyoke Community College and is part of the College's new Kittredge Business and Technology Center.
  • Internhere helps students looking for internships connect with Connecticut and Massachusetts employers.

 

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