![Venture Capital Fund For NO-Area Startups](http://townsquare.media/site/36/files/2010/12/107332644.jpg?w=980&q=75)
Venture Capital Fund For NO-Area Startups
A nonprofit venture capital fund is being set up to boost startup companies in the New Orleans region.
The fund is being spearheaded by Greater New Orleans Inc., a regional economic development group in southeastern Louisiana. Officials say it currently stands at $3.9 million and the target size is $7 million. The fund consists of private, state and federal funds.
Qualifying companies must be located within the 10-parish New Orleans region and must demonstrate a clear plan to grow revenue to $20 million to $50 million annually within five to seven years.
Companies that qualify could get $25,000 to $250,000 from the fund. The fund also will provided technical assistance to qualifying companies.
More From News Talk 96.5 KPEL
![Police Car Submerges in Louisiana Bayou Following High-Speed Chase](http://townsquare.media/site/36/files/2024/07/attachment-michael-fortsch-y5LaV9IEC_g-unsplash.jpg?w=980&q=75)
![These Are the 10 Laziest Cities in Louisiana, According to One Report](http://townsquare.media/site/182/files/2020/05/RS15674_518202003.jpg?w=980&q=75)
![These 2 Louisiana Hotels Named Among Best in the World](http://townsquare.media/site/36/files/2024/06/attachment-Maison-De-La-Luz-New-Orleans.jpg?w=980&q=75)
![New Orleans, Louisiana Has One of the 10 Most Dangerous Neighborhoods in America](http://townsquare.media/site/180/files/2021/04/new-orleans-1.jpg?w=980&q=75)
![What Are the 7 Most Dangerous Animals in Louisiana?](http://townsquare.media/site/33/files/2021/11/attachment-Hemileuca_maia_0014195.jpg?w=980&q=75)
![Truck Crashes Through Louisiana Convenience Store, Injuries Unknown](http://townsquare.media/site/36/files/2024/07/attachment-451428443_875361657961063_9009058308210370374_n.jpg?w=980&q=75)
![Lafayette Police Seek Public’s Help in Identifying iPad Theft Suspect](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-2024-07-15T194605.280.jpg?w=980&q=75)
![Alleged Donald Trump Shooter Spotted Nearly 30 Minutes Before Shots Fired](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161431349.jpg?w=980&q=75)
![WATCH: Would This Viral ‘Texas Gumbo’ Pass a South Louisiana Inspection?](http://townsquare.media/site/36/files/2023/12/attachment-Texas-Gumbo-Pepper-Belly-Pete.jpg?w=980&q=75)