The Product Development and Small Business Incubator Fund (PDSBI) offers long-term, asset-backed loans to product development companies and small business incubators/accelerators located in Texas. The loans finance the development and production of new or improved products or the stimulations of new or existing small businesses in Texas. The program targets those businesses which may be unable to obtain full financing or financing on workable terms in traditional capital markets.
The program consists of two separate funds – Product Development and Small Business Incubator – outlined on the more information link.
All applicants must have 3 years of operating history to be eligible for a loan.