Award Information
Agency: Department of Agriculture
Branch: N/A
Contract: N/A
Agency Tracking Number: 41924
Amount: $225,000.00
Phase: Phase II
Program: SBIR
Awards Year: 1999
Solicitation Year: N/A
Solicitation Topic Code: N/A
Solicitation Number: N/A
Small Business Information
100 North 3rd Street, Grand Fork, ND, 58203
HUBZone Owned: N
Woman Owned: N
Socially and Economically Disadvantaged: N
Principal Investigator
 Dr Delore Zimmerman
 Principal Investigator
 () -
Business Contact
Phone: () -
Research Institution
Not Available Equity capital markets are unorganized or non-existent in rural areas with most capital directed outward. Emerging growth companies have difficulty obtaining equity capital - precisely the kind of companies that rural America must develop to increase earnings or workers. The key to attracting investment of capital and know-how to rural areas is to create regionally-based organizations capable of capitalizing and managing equity investment funds. Then, to build the capacity of these organizations to 1) evaluate the potential of opportunities, 2) work with companies in assembling an effective board of director, and 3) connect and work with extralocal and expatriate investors of capital and know-how. Phase II research will develop and test performance support resources to build these capabilities within regional investment groups. The work will build on the regional Angel Investment Networks (RAIN) model developed by the Minnesota Investment Corporation for the purpose of forming, capitalizing and fiscal management of investment funds. Performance support resources and tools to be developed include 1) Internet-based due diligence tools, 2) resources for working with companies in forming and working with effective board of directors, and 3) an information infrastructure enabling collaboration between a company, its board and outside investors of money an know-how.

* Information listed above is at the time of submission. *

Agency Micro-sites

SBA logo
Department of Agriculture logo
Department of Commerce logo
Department of Defense logo
Department of Education logo
Department of Energy logo
Department of Health and Human Services logo
Department of Homeland Security logo
Department of Transportation logo
Environmental Protection Agency logo
National Aeronautics and Space Administration logo
National Science Foundation logo
US Flag An Official Website of the United States Government