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The Delaware Innovation Fund
(DIF) is a $10 million private 501(c)3 non-profit economic
development and venture capital entity established in
1995. The DIF provides counsel, education and selective early-stage investment capital
to encourage the growth of seed, start-up
and early-stage high technology companies in
Delaware and the surrounding Mid-Atlantic
region.
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"Class
I.Q., the predecessor company to Solstice, began to work
with the DIF when it applied to present at the 2000 Early
Stage East event. From that point forward, the DIF worked
closely with founders to help them prepare for the first
round of institutional funding and then continued, once that
was in place, to further assist them by finding candidates
to expand the senior management team, a key requirement for
the next stage of growth. The DIF has continued to work
closely with us, creating entrees to the larger venture
capital firms that were to form the basis of the next round
of funding."
Joseph
J. Oddo
Former President & CEO, Solstice Software |
T he
DIF provides early-stage investment funding in
either the form of equity capital, long-term debt with
royalty-based payback, or convertible debentures. The DIF also
provides technical assistance through business counseling,
entrepreneurial seminars, and its wide network of professional
resources.
The Fund has emerged as the leader in
venture and entrepreneurial development in Delaware.
Involvement
within the Community is important to the Delaware Innovation Fund.
Whether participating in educational events or seminars, serving
on numerous boards, committees or councils, the DIF is committed
to making a valuable contribution to entrepreneurial efforts and
economic growth within our community.
The Delaware Innovation Fund is managed by
Innovation Capital Advisors, LLC which also manages
Innovation Ventures, LP.
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