The Entrepreneur Program has a minimum investment criteria, viz.
- Minimum of $250,000 in Qualified Investments; and
- Minimum of $100,000 in Qualified Government Awards or Grants
What are Qualified Investments?
Qualified Investments criteria denotes that the investment must be:
- lawfully derived capital
- made within 18 months prior to filing Form I-941
- from one or more Qualified Investors
Exclusions apply as follows:
- Excludes any family member contributions
- Excludes foreign direct investments
Qualified Investor(s) is/are:
- Individual(s) who is/are US citizen or US lawful permanent resident; or
- Organization(s) (legally owned and operated in the United States and majority owned and controlled by US citizens or US lawful permanent residents)
and
Must regularly make substantial investments in start-up entities (no less than $600,000 in total in applicable 5-year period)
STUP™ LLC is a Qualified Investor.
What are Qualified Government Awards or Grants?
Quality Government Awards or Grants are monetary assistance made by a federal, state, or local government entity that regularly provides such awards or grants to start-up entities. Such assistance must be for economic development, research and development, job creation, or other similar monetary awards.
Exclusions apply as follows:
- Excludes foreign government entities
- Excludes any contractual commitment for goods or services