The greater Seattle area has ten venture capital firms and angel networks that fund bioscience companies. For further venture firms, click here.
The Washington State Life Sciences Discovery Fund has earmarked $350 million for grants in life science research and agriculture that will generate at least $1 billion in research investment through leveraging.
There are Washington State sales tax exemptions available for facilities; and, tax credits on revenues which are available for Biotechnology and medical-device firms.
King County Business Finance Programs
- Industrial Revenue Bonds: Low interest (tax-exempt) bonds sold to finance acquisition or construction of industrial facilities or equipment.
- Community Development Interim Loan: Low interest, short term financing secured by irrevocable letter of credit.
- HUD Section 108 Loan Guarantee: Long-term economic development financing at a fixed rate.
- King County Small Business Loan Program: Financing for small businesses unable to obtain funding from traditional sources.
- Small Business Administration 7(a) Loan Guarantee: Federal guarantee of bank loans for small and medium size businesses.
- Certified Development Company (504) Loan Program: Federal loans subordinated to bank loans for existing small and medium sized businesses for fixed asset financing.
- Cascadia Revolving Fund: Non-profit community lender, providing loans and technical assistance to entrepreneurs who are unable to access traditional financing.
- Community Capital Development: Non-profit community and economic development organization providing financing and technical assistance to businesses and entrpreneurs who historically have been unable to access traditional financing.