SpringBoard

The LEAP SpringBoard program provides access to the Business Accelerator Fund (BAF) and provides capital to established business accelerators in Michigan.These funds are provided for specialized services to early stage companies commercializing advanced technology that falls within one or more of the 21st Century Jobs Fund competitive edge technology sectors.

21st Century Jobs Fund Technology Sectors

If you are in need of entrepreneurial services but do not qualify as a 21st Century Jobs Fund Technology company, LEAP is still here to help. Please contact Ken Szymusiak, szymusiakk@leapinc.biz

Eligibility For Business Accelerator Fund

• Company may not have raised more than $1 million in private sector investments

• Company may not have more than $2.5 million in annual revenue (not including R&D grants/contracts from federal agencies)

• The Company must be a Michigan company or have its principal place of business in Michigan prior to entering an Accelerator Engagement or receiving accelerator services

• The Company is required to complete the Small Business Administration (SBA) Counseling Information Form, Download Here.

Preference will be given to:

• product based companies with a highly scalable and protectable   business model

• companies that collaborate with other Michigan companies and universities

• companies that can create clearly identified multiplier effects

• innovative service providers, CROs, and supply chain companies that contribute significantly to a region’s technology/industry cluster or strategic plan

• companies that leverage company founders’ and/or outside parties’ cash or in‐kind resources to the proposed engagement.

Applications for Engagements of less than $15,000

1. Cover Letter signed by Participating Accelerator representative (See Example)

• Overview of the proposed Accelerator Engagement

• How the proposed Accelerator Engagement can help the company achieve important milestones

• What leverage (if any) the applicant brings to the project

• Participating Accelerator comments regarding the company potential

• Participating Accelerator comments regarding the significance of the company’s success to the region (multiplier effect)

2. Company Executive Summary (not to exceed 5 pages)

Applications for Engagements greater than $15,000

1. Cover Letter signed by Participating Accelerator representative:

• Overview of the proposed Accelerator Engagement

• How the proposed Accelerator Engagement can help the company achieve important milestones

• What leverage (if any) the applicant brings to the project

• Participating Accelerator comments regarding the company potential

• Participating Accelerator comments regarding the significance of the company’s success to the region (multiplier effect)

2. Company Executive Summary (not to exceed 5 pages)
3. Full scope of work for the Accelerator Engagement
4. Description/bio of the proposed Provider (not to exceed 1 page

Download SpringBoard Application Here

If you are interested in becoming a service provider with the SpringBoard program, please contact Ken Szymusiak, szymusiakk@leapinc.biz