The Texas CAPCO program is a state-funded program that allows businesses in the state to garner the venture capital they need for their projects. Projects in the state are much harder to get off the ground when small businesses have no idea where to get their capital from, and this program changes that. This article explains how the Texas CAPCO program gets businesses up to speed on venture capital while providing the capital at the same time.
#1: Every Small Business Could Stand To Have More Capital
Every small business could use more capital, but seeking out venture capital is a tiring process that many business owner do not want to go through. They imagine how difficult it will be to find someone to invest in their business, and they avoid the process in favor of being less stressed. CAPCO takes the stress out of the process, but the program provides the capital that is needed for any business owner.
#2: How Do Businesses Apply?
Businesses may apply for the capital at any time, but they must show a pressing need for a new project, hire or administrative need. Businesses may need help with hiring new staff, or the business may need money to get their new building constructed. There are many people who prefer to find capital that will help them improve the systems in their offices, and yet more businesses will ensure that they have enough money to plan for a future project.
Every application must have a complete listing of the business’ assets, their current plans and a model for using the capital. A business is paired with someone who may offer the cash, and the cash is sent to every small business through the state. The businesses that receive money from the state receive support from the CAPCO program, and anyone who receives assistance through CAPCO makes lifelong connections with venture capitalists and consultants.
The CAPCO program has been designed to help people who would not have the capital they need without the stress involved in finding a new venture capitalist. There many venture capitalists who give their money to the CAPCO program to help the state of Texas grow, and every small business will create jobs based on the capital they receive. CAPCO ensures that the states of Texas has a stronger company that is populated by companies that have the money they need for their next project.