Portland Seed Fund expects as many as 100 applications for 6 to 8 spots

The nascent Portland Seed Fund http://portlandseedfund.com/ has received more than 40 applications for its first funding round, and expects as many as 100 will apply by its new June 6 deadline.

The city-backed initiative aims to provide early-stage "seed loans" between $25,000 and $50,000 to help startups develop their products. It plans to offer additional backing to the most promising entrepreneurs, and hopes to connect some of those startups to wealthy angel investors and venture capitalists.

By Mike Rogoway, The Oregonian

Full Story: http://blog.oregonlive.com/siliconforest/2011/05/portland_seed_fund_expects_as.html