Submitting an Application
INDIANA SEED FUND II, LLC (“ISFII”)
In order to make a submission for funding, you must agree to abide by the terms and conditions below for submission as well as the BioCrossroads’ terms and conditions for general web site use. Please read the terms and conditions for submission and general web site use carefully before submitting any information. By making a submission, you indicate your acceptance of these terms and conditions. These terms and conditions may be revised at any time by posting updates to the web site. You should visit this page periodically, because your continued use of the web site following the posting of changes to these terms and conditions will mean you accept those changes. The terms “you” and “user” as used herein refer to all individuals and/or entities.
2. Important Disclaimer
You understand that the information that you are submitting is for informational purposes only and the information is neither an offer to sell nor a solicitation of an offer to buy any securities. No rights or expectations of funding from the Indiana Seed Fund are created. You are also aware of the possible applicability of Section 5(a) and (c) of the Securities Act of 1933 to a public offering of securities which does not come within the terms or guidelines set forth in Rule 502(a) of Regulation D.
You agree not to submit any confidential information to the web site. You also agree that other users of the web site may use any information that you submit to the web site for any purpose whatsoever and may disclose or otherwise make available any of such information to anyone, including third parties.
4. No Rights or Expectations of Funding
ISFII has no obligation to consider or provide funding to any company that submits information to the ISFII. Additionally, each company that submits information to the ISFII receives no rights to future communication, feedback or documentation related to ISFII and its assessment of such company and its suitability for any investment.
The Indiana Seed Fund II DOES NOT:
- provide incubation services to its investments
- provide day-to-day management
- make grants or fund economic development projects
The Indiana Seed Fund DOES:
- take equity in each company in which it invests
- insist upon a standard and structured set of terms designed to produce a credible return on investment
- require oversight of each company in which it invests, including at least one seat on the company’s Board of Directors
- provide access to additional business and financial resources
5. Fund Focus
The Indiana Seed Fund II makes investments of up to $1 million in early-stage biotechnology, pharmaceutical, medical device, diagnostic, ag-biotech and health information technology products and platforms and will continue the Manager’s focus on forming promising companies around innovative ideas. To be considered for investment, companies are expected to have proven management teams, owned or licensed technology, intellectual property and be able to demonstrate a validated market need. Ideal companies will be progressing towards defined milestones to secure a Series A financing, strategic partnership or co-development agreement.
6. Submitting an Application