Venture Capital Seed Fund Program Management

The State of Delaware is requesting proposals for Venture Capital Seed Fund Program Management services under RFP STA26103-SSBCI, with the proposal deadline and evaluation criteria to be confirmed in the full RFP document.

The scope encompasses administering Delaware's State Small Business Credit Initiative (SSBCI) Venture Capital Seed Fund Program, including portfolio management, investor relations, compliance monitoring, and reporting to state and federal authorities. The selected vendor must demonstrate expertise in seed-stage investing, knowledge of Delaware's business environment, and ability to collaborate with state agencies and private investment partners. Familiarity with federal SSBCI requirements is a core qualification.

Funding derives from Delaware's SSBCI allocation, a federally supported program designed to expand capital access for small businesses and startups. The contract will be established for an initial term with potential renewal options contingent on program performance and funding availability. Proposals will be evaluated on vendor qualifications, venture capital fund management experience, understanding of federal SSBCI compliance, proposed fee structure and cost efficiency, and demonstrated capacity to manage a venture investment portfolio effectively. Pricing is to be proposed by respondents, with evaluation emphasizing value alignment with program objectives to maximize the impact of state and federal seed capital.

The RFP document (STA26103-SSBCI_VENTURE_rfp.pdf) was posted October 23, 2026 and contains specific proposal deadlines, detailed evaluation weightings, and submission requirements.