The Orlando startup community’s plan to create an evergreen seed fund to help early-stage entrepreneurs receive funding they need to grow their business just got a boost from the Orange County.
The Orange County Commission unanimously agreed to give the FireSpring seed fund $100,000 on Aug. 25. The fund is another step toward the seed fund’s goal of raising $1 million by the end of the year.
So far, including Orange County’s contribution, FireSpring has raised more than $200,000. The city of Orlando contributed $100,000 in April, and Donna Mackenzie, executive director for Canvs, Starter Studio and FireSpring, confirmed that the University of Central Florida, Rollins College, Creative Village and Canvs are also funding partners for the seed fund.