The Nucleus Fund recently conducted a webinar to help orient entrepreneurs who are interested in funding from Utah’s Nucleus Fund. The Nucleus Fund is only for deep technology companes which have their nerve center in Utah (HQ, founding team etc) and who have ties of some type to one of Utah’s colleges or universities. This could be a relationship including but not limited to licensing, partnership, deployment, unversity employee or student as part of the founding team.
To learn more about this $40 million fund and it’s requirements, watch our recap below.
Here’s a copy of the handout the Fund team provided for founders who are interested.
Don’t forget, it’s important to Design Your Perfect Investor™. In the case of the Nucleus fund, if you are a Utah, Deep Technology company with a Utah university affiliation, looking to do a modest seed round, usually as a SAFE, and you have at least one other investor who can “lead” or have a strong due diligence process, they can put in up to $250k as seed funding.
As background, the profits from the Utah Fund of Funds (that I helped to create many years ago) created the core funding for the Nucleus Fund. It is an evergreen fund meaning that returns are what replenishes the fund for future investments.
As you watch the video, look for the insights on due diligence and why you need another investor match in order to qualify for seed funding from the Nucleus Fund.
Want even more concrete and actionable fundraising advice? Check out our free VentureWrench Guide to Investor Capital, or explore our Designing the Perfect Investor™ course to learn the insider strategies that actually work. Because raising capital is hard enough—you shouldn’t have to figure it out through trial and error alone.
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Nicole Toomey Davis is the CEO and co-founder of Enclavix and the VentureWrench Startup Community. She’s a serial entrepreneur who has raised millions in angel and VC funding, secured over $1.2M in SBIR grants, and sold a company to a public firm. She now spends her time helping entrepreneurs avoid the costly mistakes she’s seen (and made) along the way
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