Please find attached the Fiscal Year 2014 public report of the Vermont Seed Capital Fund, LP. A subsidiary of the Vermont Center for Emerging Technologies (VCET) is the Fund Manager. Investing activities began in May 2010 shortly after the first capital contribution arrived, and as of October 2014, 18 companies from around Vermont have been initially supported. The Fund completed its 5th consecutive annual financial and process Audit without issue as conducted by an independent CPA firm.
Vermont Seed Capital Fund FY14 Annual Report
VCET invested $1M in capital alongside a total of $4.1M of one time capital from the State of Vermont via the Vermont Economic Development Authority (VEDA) to form this permanent, revolving $5.1M high risk pool of capital.
Click here for the report: VSCFFY14AnnualPublicReport9.30.14-2-2