Blueprint Intelligence / Specialized Pathways
Pillar
Specialized Pathways
SSBCI, DFI, and ESG or DEI capital, and the compliance layer each one actually requires.
84 pages
Pathway guides
- SSBCI and state fund of funds, what the compliance layer actually requiresWhat SSBCI capital actually requires before a venture fund can accept it: the 1:1 match, the fee cap, the certifications, and the procurement-style diligence behind it.
- DFI and emerging market capital, what "readiness" means to a development finance institutionWhy an ESG policy is not enough for DFI diligence, what an ESMS actually is, and what a development finance institution checks before a second meeting.
- ESG, DEI, and impact capital, moving from policy language to outcomes languageWhy impact and mission foundations evaluate outcomes language over ESG policy claims, and what documenting a real theory of change actually requires.
- PRI signatory readiness, specifically for a venture fundWhat PRI signatory status actually requires of a venture fund manager, the minimum requirements that keep a signatory in good standing, and what happens if they slip.
Global VC fundraising routes
- How do I raise a VC fund in the United States?The United States venture fundraising route explained: fund structure, limited partner categories, offering exemptions, track record, diligence, service providers, first close, and placement agents.
- How do I raise a VC fund in Europe or the UK?Raising a venture fund in the United Kingdom and the European Union, covering professional investors, AIFMD, pre-marketing, the national private placement regime, domicile, and cross-border complexity.
- How do I raise a VC fund in Latin America?Raising a venture fund in Latin America, covering regional and global limited partners, development capital, family offices, currency, local presence, structure, and country-level differences.
- How do African VC funds raise from global LPs?How African venture managers raise from global limited partners, covering development finance capital, regional and global investors, currency, local presence, reporting, and cross-border diligence.
- How do I raise a VC fund from Gulf and MENA investors?Routes to Gulf and MENA capital for venture managers, covering public venture programmes, sovereign and institutional investors, family offices, corporates, ecosystem platforms, and diligence.
- How do I raise a VC fund in Asia-Pacific?Raising a venture fund across Asia-Pacific markets, covering fund regimes in Australia and India, local and sovereign investors, government programmes, structure, currency, and cross-border marketing.
- How can DFIs and public-capital programs support a VC fund?How development finance institutions and public capital programmes support venture funds, covering commitments, guarantees, blended finance, technical assistance, eligibility, additionality, and reporting.
- How do global family offices evaluate emerging VC managers?How family offices assess emerging venture managers, covering direct versus fund investing, decision speed, ticket size, access, governance, concentration, reporting, co-investment, and re-up behaviour.
- How can corporate and strategic LPs invest in VC funds?How corporate and strategic limited partners invest in venture funds, covering motivations, information rights, conflicts, co-investment, confidentiality, governance, and portfolio-company relationships.
- How should a VC GP run a cross-border fundraise?A coordination checklist for running a venture fundraise across several countries, covering target selection, investor qualification, offering restrictions, counsel, tax, currency, documents, and closing.
State SSBCI programs
- Alabama SSBCI venture capital, InvestAL direct and fund-of-funds routesHow Innovate Alabama splits InvestAL between direct equity in Alabama-headquartered startups and fund-of-funds commitments to established venture funds, and what private-capital participation each route expects.
- Alaska SSBCI venture capital, the Alaska Equity Fund and its partner fundsHow the Alaska Equity Fund invests as a limited partner in partner funds, what matching capacity it expects of a venture firm, and where its state and tribal allocations differ.
- Arizona SSBCI venture capital, LP and co-invest routes through AVCHow Arizona splits SSBCI venture capital between a multi-fund route investing in established venture firms and an AVC Ignite co-investment route that requires a certified lead investor and a validated term sheet.
- Arkansas SSBCI venture capital, ADFA direct and fund-to-fund programsHow the Arkansas Development Finance Authority separates fund-to-fund investment from direct company investment, and why the direct route expects most of a private round to be committed first.
- California SSBCI venture capital, three ways IBank reaches the marketWhat California's SSBCI venture program funds through IBank, how the Inclusive and Emerging California initiatives differ, and what the co-investment route asks a manager to document.
- Colorado SSBCI venture capital, an LP program with geography in the mandateHow Colorado's Venture Capital Authority selects the venture funds it backs with SSBCI capital, and why in-state deployment, rural reach, and SEDI access sit alongside fund quality in the decision.
- Connecticut SSBCI venture capital, equity and venture debt through CIWhy Connecticut Innovations runs equity financing and venture debt as separate capital products, what each one asks a technology company to show, and how the obligations differ.
- Delaware SSBCI venture capital, DASCP direct and DESVCP partner routesHow Delaware splits SSBCI equity between direct investment after a completed seed round and an indirect route through venture-capital partners, and what each one asks a company to show.
- District of Columbia SSBCI venture capital, a fund of funds run by K Street CapitalHow the District of Columbia's $26 million SSBCI venture capital program works, what K Street Capital requires of a fund manager, and the match arithmetic a fund has to satisfy.
- Florida SSBCI venture capital, direct co-investment for Florida companiesWhy Florida's SSBCI venture route is direct company co-investment rather than a fund-of-funds commitment, the transaction boundaries it works within, and how it differs from the state's lending products.
- Georgia SSBCI venture capital, a fund route and a direct co-investment routeHow Georgia splits SSBCI venture capital between an Invest Georgia limited-partner route for seed and early-stage funds and a direct co-investment route that requires a lead investor.
- Hawaii SSBCI venture capital, HI-CAP Invest as a fund of fundsWhat HI-CAP Invest asks of a venture fund manager, from the Hawaii on-the-ground presence requirement to the 1:1 match and the treatment of private capital in cash flow rights.
- Illinois INVENT, what SSBCI direct equity requires from a venture-backed companyWhat Illinois INVENT requires of a company before it will invest alongside private investors, from the Illinois connection tests to the private capital participation that unlocks the investment.
- Indiana SSBCI venture capital, IEDC and Elevate co-investmentHow Indiana deploys SSBCI venture capital through Elevate Ventures and the Indiana Angel Network Fund, what stage the co-investment route serves, and why the Legend Fund is a separate loan route.
- Iowa SSBCI venture capital, InnoVenture Iowa co-investmentHow Iowa deploys SSBCI equity through the InnoVenture Iowa co-investment fund, which sectors and stage it backs, and how it sits alongside the state's separate loan and royalty programs.
- Kansas SSBCI venture capital, GrowKS direct, angel, and multi-fund routesHow NetworkKansas splits GrowKS equity between direct investment, angel capital support, and limited-partner commitments to Kansas venture funds, and what co-investment each route requires.
- Kentucky SSBCI venture capital, Keyhorse direct and fund routesHow Kentucky's KSBCI 2.0 places seed-stage equity through Keyhorse Capital, why the venture allocation covers both direct and fund-of-funds routes, and how the equity side differs from the loan support.
- Louisiana SSBCI venture capital, Growth Fund direct and Seed Capital fundsHow Louisiana splits SSBCI equity between the direct Louisiana Growth Fund and the approved-fund Seed Capital Program, what the 1:1 match requires, and how each program's status differs.
- Maine SSBCI venture capital, direct equity, fund equity, and recycled fundsHow Maine split SSBCI capital between direct loans, direct equity, and fund equity investments, which partners managed the equity, and what FAME says about recycling returned funds.
- Maryland SSBCI venture capital, how TEDCO separates company and fund capitalThe four TEDCO programs Maryland runs its SSBCI venture capital through, why a direct company investment and a limited-partnership commitment are separate applications, and what each one asks for.
- Massachusetts SSBCI venture capital, MassVentures and deep techWhat MassVentures' deep tech venture program backs, why academic and hospital spinouts sit at the centre of it, and what the state emphasises beyond the technology itself.
- Michigan SSBCI venture capital, what a fund must prove before it qualifiesWhat Michigan's SSBCI venture capital program requires before it commits as a limited partner, from the in-state investment decision-maker to the private capital causation test.
- Minnesota SSBCI venture capital, direct investment and multi-fund routesWhy Minnesota's SSBCI venture capital splits into a direct investment program and a multi-fund program, and what a company or manager should confirm with DEED before applying.
- Mississippi SSBCI venture capital, InvestMS direct and fund routesHow InvestMS splits SSBCI equity between direct investment in Mississippi startups and limited-partner commitments to venture funds, and what the fund route requires at application.
- Missouri SSBCI venture capital, the MTC IDEA Fund co-investment modelHow Missouri's IDEA Fund splits into TechLaunch, Seed Capital, and Venture Capital tracks, what the dollar-for-dollar match requires, and why an investment closed before the award does not count.
- Nebraska SSBCI venture capital, the Seed and Development FundWhat the Nebraska Seed and Development Fund requires of a company, how its limits differ from the separately named Nebraska Seed Investment Program, and what each source actually says.
- Nevada SSBCI venture capital, Battle Born Venture co-invests behind a leadWhat Battle Born Venture requires before it will co-invest in a Nevada startup, from the lead investor and Nevada business license to the round-size band and its own investment caps.
- New Jersey SSBCI venture capital, fund routes and the Angel Match noteHow NJEDA separates its SSBCI fund-manager routes from Angel Match, the direct convertible-note program, and what Angel Match asks a company to have in place first.
- New Mexico SSBCI venture capital, NMFA invests in funds and not companiesWhy the New Mexico Finance Authority's Venture Capital Program is fund-level only, the commitment range and concentration limits in its investment policy, and the three different matching requirements a fund may face.
- New York SSBCI venture capital, fund managers and direct investmentThe SSBCI routes New York runs through NY Ventures, what the Emerging and Regional Partner Fund requires of a fund manager, and where the direct company programs apply instead.
- North Carolina SSBCI venture capital, NCInvest through participating fundsHow the NC Rural Center deploys SSBCI venture capital into participating venture funds rather than into companies, and what its SEDI objective commits the program to.
- North Dakota SSBCI venture capital, Angel Match and the Wonder FundWhat the North Dakota Angel Match Program matches and on what terms, how the Wonder Fund differs, and the residency and round-size tests a company has to clear.
- Ohio SSBCI venture capital, two fund routes with different scale requirementsThe two fund-level routes Ohio runs its SSBCI venture capital through, the capital bands that separate them, and why state support to a participating fund is structured as a loan rather than an LP commitment.
- Oklahoma SSBCI venture capital, OCAST invests through local fundsHow Oklahoma runs its SSBCI venture capital fund-to-fund through OCAST, what the selected Oklahoma investment companies have to match, and the deployment mandate that comes with the capital.
- Oregon SSBCI venture capital, fund, direct, and royalty routesThe three routes Oregon runs its SSBCI capital through, what the Business Oregon Venture Fund Program asks of a manager, and why royalty-based debt is not venture equity.
- Pennsylvania SSBCI venture capital, why the state uses both loans and direct equityWhy Pennsylvania's SSBCI venture structure separates a loan to the general partner from direct equity into companies, and which application route applies to which applicant.
- Rhode Island SSBCI venture capital, four contracted partner fundsWhich four venture firms Rhode Island Commerce contracted to deploy its SSBCI venture capital, how much each holds, and what the state page does not publish.
- South Carolina SSBCI venture capital, InvestSC and the SEDI commitmentWhat South Carolina's SSBCI equity component commits to through InvestSC, including the $51 million over ten years and the stated SEDI share, and what the state page leaves to InvestSC.
- Tennessee SSBCI venture capital, three InvestTN routes at different stagesHow InvestTN splits its $70 million across a Regional Seed Fund, a Growth Fund, and a Multi Fund, what each invests, and why the three routes do not share one application status.
- Vermont SSBCI venture capital, VEDA's direct and venture fund modelsHow Vermont's SSBCI equity is structured through VEDA, the difference between its direct model and its venture fund model, and where the 1:1 match sits in each.
- Virginia SSBCI venture capital, direct and fund-level routes through VIPCWhat Virginia's fund-of-funds route asks of a venture manager, how the direct company route is milestone-driven ahead of a Series A, and why the two are separate applications.
- Washington SSBCI venture capital, LP commitments to three named fundsHow Washington's SSBCI venture capital program invests as a limited partner in venture funds, which three managers it names, and why its two official sources state different program sizes.
- West Virginia SSBCI venture capital, the WVCAP Seed Capital Co-Investment FundHow West Virginia's SSBCI equity route co-invests alongside venture funds and angels, what the private financing match requires, and what WVJIT publishes about its own terms.
- Wisconsin SSBCI venture capital, one fund of funds and five named managersHow Wisconsin's SSBCI venture capital fund of funds works, the five managers and the amounts placed with each, the one-to-one private match, and the caps Treasury applies.
- Wyoming SSBCI venture capital, an allocation that is entirely equityHow Wyoming Venture Capital splits its SSBCI allocation between fund investments and direct co-investments, the 20 percent target and 50 percent ceiling, and the residency tests behind both.
DFI and development-bank profiles
- African Development Bank, how its private-sector window actually reaches a fundWhat the African Development Bank finances across its 54 regional member countries, which instruments its private-sector window uses, and why its venture exposure is fund-level.
- Asian Development Bank, direct finance for projects, institutions, and fundsWhat ADB's private-sector operations finance across Asia and the Pacific, how it invests in private-equity funds, and the exclusion that decides whether a company can approach it at all.
- Asian Infrastructure Investment Bank, infrastructure finance with a published equity capWhat AIIB finances, how sovereign-backed and nonsovereign-backed financing differ, the 30 percent direct equity ceiling in its own policy, and why it offers no concessional terms.
- BIO, Belgium's investor in SMEs and funds in developing countriesWhat BIO finances in emerging and developing countries, how its direct and fund routes split, and what its 2024 to 2028 investment strategy actually commits to.
- British International Investment, the UK's development finance institutionWhat British International Investment finances, how its equity, fund, venture, and debt routes work in technology and telecoms, and why those published ranges are sector specific.
- CAF, the development bank of Latin America and the CaribbeanWhat CAF finances across Latin America and the Caribbean, how its equity and fund routes work, and why the dollar thresholds in its offering circular are approval limits and not ticket sizes.
- Caribbean Development Bank, borrowing member countries and intermediated financeWhat the Caribbean Development Bank finances, how its private-sector strategy reaches MSMEs through intermediaries, and why its private equity work is an assessment rather than a commitment product.
- CDP Development Finance, Italy's development cooperation armWhat CDP finances as Italy's development cooperation institution, the counterparties it reaches in partner countries, and why its published fund commitments are examples rather than tickets.
- COFIDES, Spain's development financier and the FOCO co-investment fundWhat FOCO actually does, why its EUR 10 million to EUR 150 million tickets are tied to investment in Spain, and how COFIDES own-resources project financing differs.
- DEG, Germany's development financier and its published fund thresholdsWhat DEG offers private equity and debt fund managers, the USD 10 million and USD 20 million starting points, the 20 percent participation ceiling, and the roles it plays beyond capital.
- European Bank for Reconstruction and Development, the DFI that publishes its rangesWhat EBRD finances across its countries of operation, the loan and equity ranges it publishes, the 35 per cent minority ceiling, and how its direct SME facility differs.
- European Investment Bank and European Investment Fund, two arms and two productsHow the European Investment Bank's fund investments work, the 10 to 25 percent of fund size it takes, and why the European Investment Fund is a different arm with a different product.
- Finnfund, Finland's development financier and its growth-equity fund focusWhich funds Finnfund invests in, why growth equity comes first and venture second, what it examines before committing, and the governance it expects afterwards.
- FMO, the Dutch development bank and its Ventures ProgramWhat FMO finances across 85 countries, how the EUR 200 million Ventures Program splits between direct and fund investments, and the Series A and B stage it targets.
- IFC, the World Bank Group's private-sector armWhat IFC actually finances, the 5 to 20 percent equity range and 7 to 12 year loan tenor it publishes, and why it does not lend directly to small businesses.
- Impact Fund Denmark, blended finance that raises from private investorsHow Impact Fund Denmark's blended finance products work, what SDG Fund II's DKK 5 billion close involved, and why its structure matters to institutional investors as much as to managers.
- Inter-American Development Bank Group, IDB, IDB Invest, and IDB LabHow the Inter-American Development Bank Group splits between public-sector lending, IDB Invest's private-sector work, and IDB Lab, and what IDB Invest looks for in a fund manager.
- Islamic Development Bank and ICD, Sharia-compliant development financeHow the Islamic Development Bank and its private-sector arm ICD finance projects and funds, what Sharia compliance changes about the instruments, and which arm a fund manager should approach.
- Norfund, three Norwegian mandates and an active minority approachHow Norfund's development, climate, and Ukraine mandates differ, what its fund investments look like, and why no universal ticket is publicly stated.
- OeEB, Austria's development bank and the tightest fund criteria in this setOeEB's private equity criteria, including its EUR 5 million to EUR 10 million investment range, its EUR 150 million minimum fund size, and its exclusion of first-time and seed funds.
- Proparco, France's private-sector development financierHow Proparco uses investment funds to reach microenterprises, SMEs, and start-ups, what it assesses before committing, and why its EUR 10 million floor is a direct-equity figure.
- SIFEM, Switzerland's development financier and its fund-first modelHow SIFEM invests through private equity and private debt funds, its exclusion of seed-stage venture funds, its climate conditions, and the geographic test for a regional fund.
- SIMEST, Italy's internationalization financier for Italian companiesWhat SIMEST finances, why its three equity plafonds are programme envelopes rather than tickets, and why an Italian connection is the gate rather than a preference.
- SOFID, Portugal's development financier and the InvestimoZ facilityWhat SOFID finances for Portuguese companies internationalising, the 70 percent and ten-year loan terms, and how the separate InvestimoZ Mozambique facility differs.
- Swedfund, Sweden's development financier and its three-sector focusWhat Swedfund finances across Africa, South and Southeast Asia, and Ukraine, its three priority sectors, its equity, loan, and guarantee instruments, and how its fund route works.
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