Portal Fund

• High-potential founders: We back founders who are obsessed with developing a business around solving real problems in innovative ways. We’re looking for founders that are coachable, responsive, motivated, and that have a unique ability to lead and inspire others to join their journey.
• Venture based in the Gulf Coast region or willing to relocate to the region
  • “Based in” is defined as a business whose primary operations, headquarters, and leadership are located in
  • Region includes Baldwin, Choctaw, Clarke, Conecuh, Escambia, Mobile, Monroe, Washington, and Wilcox counties in Alabama
  • Relocating requires forming/relocating primary operations, headquarters, and leadership to the region within 90 days of award notification and for at least 2 years
• Ventures with high potential for rapid growth: We look for startups that can grow into sizable businesses, creating high-wage jobs and revenues.
• Ventures in any sector: However, particular consideration will be given to startups that are utilizing emerging technologies aligned with regional industry activity (aerospace, med-tech, shipping and logistics, ship building, chemical, etc.).
• Ventures in early stage of development: Ideation, concepting, launch, early revenue-generating, etc.
• For-profit ventures only: Portal Fund will not consider applications submitted by nonprofits, although social enterprises and social impact businesses with for-profit business models are encouraged to apply.
• Submissions must be the original idea of the applicant.

1. Complete online application (next investment round – TBD)
2. Portal staff will review and send complete and eligible applications to the Investment Council
3. Investment Council will review applications and select semi-finalists
4. Semi-finalists will interview with Investment Council
5. Investment Council will select finalists
6. Finalists pitch before the Investment Council and Advisory Panel
7. Investment Council makes investment decisions considering input from the Advisory Panel
8. Finalists may be asked to complete due diligence review

Applicants shall remain honest and responsive to Portal staff and Investment Council throughout the process

• Committed founders
• Validation
• Scalability
• Innovative nature of the product, technology, or service
• Business development and success metrics to date
• Market landscape
• The qualities of the founder and executive team
• Strength of investment opportunity
• Potential impact on the region
• Diversity of founding and leadership team

• If company is not legally formed, it must form within 30 days of award notification in order to receive investment
• If company is not currently located within the region, it must form/relocate primary operations, headquarters, and leadership to the region within 90 days of award notification and for at least 2 years
• Identify milestones incorporating specific deliverables from the Investment Council and goals for the following year
• Develop timeline and action plan to achieve milestones
• Meet regularly with Portal staff
• Report regularly on venture status and progress
• Prepare for follow on funding
• Participate in Portal activities
• Provide regular reports for the life of the venture