The State of Delaware Department of State, Division of Small Business is seeking professional services for Venture Capital Seed Fund Program Management under contract number STA26103-SSBCI_VENTURE.
The place of performance is DE.
Proposals are due by December 2, 2026 at 1:00 PM Local Time.
The estimated funding is approximately $30 million toward venture and equity programs.
The procurement method is RFP - Professional Services.
The contract term is two (2) years with two (2) optional one-year extensions.
Requirement: The proposed Fund management team must meet the definition of a venture fund as defined by the Securities and Exchange Commission in 17 C.F.R. § 275.203(l)-1.
Requirement: The successful Vendor shall either furnish the Agency with proof of State of Delaware Business Licensure or initiate the process of application where required.
Requirement: The vendor shall maintain insurance with minimum coverage limits including Commercial General Liability - $1,000,000 per occurrence/$3,000,000 per aggregate.
Requirement: There is no Bid Bond Requirement.
Requirement: There is no Performance Bond requirement.
Bonding
Bid Bond: There is no Bid Bond Requirement.;…
Licence
State of Delaware Business Licensure
Est. value
approximately $30…
Term
two (2) years with two (2)…
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Submit a proposal to manage the State of Delaware's participation in the SSBCI venture capital seed fund program.
Provide a business and investment approach detailing the fund's strategy, including an executive summary and main proposal covering qualifications, experience, and team overview.
Complete and include all required attachments: Non-Collusion Statement, Exceptions form, Confidentiality form, Business References, and Subcontractor Information form if applicable.
Submit two (2) paper copies (one marked 'ORIGINAL' with original signatures) and one (1) electronic copy emailed to business@delaware.gov by the deadline.
Requirements
From the documents
Licence
State of Delaware Business Licensure
Bonding capacity
Bid Bond: There is no Bid Bond Requirement.; Performance & Payment Bond: There is no Performance Bond requirement.Get prequalified for this →
Estimated value
approximately $30 million
Posted Scope of Work
Solicitation documents: RFP - Professional Services.
Scope, read from the documentsAI-generated
The Division desires to use SSBCI funds to strengthen the state’s economy by providing approximately $30 million toward venture and equity programs, with a program goal to see at least a 10:1 ratio of private capital leveraged over a 10-year period. The selected fund manager will be responsible for building resident VC capacity within Delaware, increasing deal flow of new technologies and startups that align with the state’s targeted industries, and expanding access for founders of color, women and rural-based businesses to capital and advisory services.
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Questions & answers
AI-generated
What is the deadline for submitting proposals?
The deadline for receipt of proposals is December 2, 2026 at 1:00 PM (Local Time).
Who is the designated contact for this RFP?
The designated contact is Jory Moore, 99 Kings Highway, Dover, Delaware 19901, jory.moore@delaware.gov.
Is there a mandatory pre-bid meeting?
A mandatory pre-bid meeting has not been established for this Request for Proposal.
What is the estimated funding amount for this program?
The Division desires to use SSBCI funds to provide approximately $30 million toward venture and equity programs.
Full source recordEvery field State of Delaware (MyMarketPlace) published, untouched
Id
9380
Title
Venture Capital Seed Fund Program Management
Detail
Ok
Yes
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<a target="_blank" href="https://bidcondocs.delaware.gov/STA/STA26103-SSBCI_VENTURE_rfp.pdf" rel="noopener noreferrer" title="Open RFP - Professional Services file in new window">RFP - Professional Services</a>
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Source: State of Delaware (MyMarketPlace) (bid 9380), retrieved via the Delaware MyMarketPlace bid board. View the official posting, and always confirm requirements and deadlines with the issuing agency.
Delaware Department of StateIssuing agency·Delaware·via the Delaware MyMarketPlace bid board