As used in this article, the term:
A business classified as a qualified early stage business at the time of the first qualified investment in such business shall remain classified as a qualified early stage business and may receive continuing qualified investments from venture capital firms participating in the Invest Georgia Fund. Continuing investments shall constitute qualified investments even though the business may not meet the definition of a qualified early stage business at the time of such continuing investments.
A business classified as a qualified growth stage business at the time of the first qualified investment in such business shall remain classified as a qualified growth stage business and may receive continuing qualified investments from venture capital firms participating in the Invest Georgia Fund. Continuing investments shall constitute qualified investments even though the business may not meet the definition of a qualified growth stage business at the time of such continuing investments.
History. Code 1981, § 10-10-11 , enacted by Ga. L. 2013, p. 243, § 5/HB 318.
Structure Georgia Code
Chapter 10 - Seed-Capital Fund
Article 2 - Invest Georgia Fund
§ 10-10-12. Invest Georgia Board; Creation; Membership; Powers
§ 10-10-13. Responsibilities of Board
§ 10-10-14. Fund Administrator; Investments
§ 10-10-15. Expenditure of Funds; Capitalization; Cost of Administration
§ 10-10-16. Five-Year Funding Period
§ 10-10-17. Allocation of Designated Capital
§ 10-10-19. Retention of Designated Capital and Investment Returns