The Massachusetts Technology Collaborative (MTC) is pleased to announce the 2007 SEED Solicitation release.

• Are you a seed-stage company based in Massachusetts?
• Are you developing a new renewable energy product or service?
• Do you need seed-stage dollars to help you complete product development and raise capital?

SEED provides flexible working capital of up to $500k per company. In addition, SEED can help you cross the “valley of death” and flourish in our leading renewable energy cluster by helping you:

• Improve company credibility;
• Gain access to value-added professional services;
• Network with investment community; and
• Attract key talents.

To find out more, please visit our website at www.masstech.org/SEED

SEED 2007 Highlights

• Application/Award Amount: Up to $500,000 per company per 12-month period, up to two awards per MA company.
• Funding Match Requirement: 1:1 match with SEED award amount from external sources.
• Use of Proceeds: Working capital for product development and commercialization.
• Funding Instrument: Convertible loan.
• Conversion Discount Rate: 25% share price discount in equity round of over $2 million.
• Interest Rate: Prime + 2%.
• Term and Repayment: 5-year balloon.
• Eligible Technologies:
  • Solar photovoltaic or solar thermal electric energy
  • Wind electricity
  • Ocean thermal, wave, or tidal energy
  • Biomass
  • Hydropower
  • Fuel cells
  • A company may also be eligible if it produces power inverters, power controls, power storage, or other equipment that is important to enabling the commercialization of renewable energy technologies.
• Application Process: SEED is accepting applications on an open enrollment basis.

About MTC and SEED

MTC, a quasi-state agency, established the Sustainable Energy Economic Development (SEED) Initiative to support growth and commercialization of renewable energy technologies in Massachusetts. SEED provides direct and flexible capital to early-stage companies for new renewable energy related product development and facilitates companies in gaining access to private capital.

Past SEED Award Recipients include Agrivida, CellTech Power, Lilliputian Systems, Nanoptek, Premium Power, SolarOne, SafeHydrogen, and Ze-gen, representing a diverse spectrum of renewable energy technologies from solar to biomass, to fuel cells.

For more information about SEED, please contact:
Sissi Liu
Massachusetts Technology Collaborative
75 North Drive - Innovation Center
Westborough, MA 01581
SEED@masstech.org
Fax: 508-898-9226
www.masstech.org/SEED