On April 3, 2014, the Small Business Administration (SBA) extended the deadlines by which experienced early stage fund managers must submit initial materials to be considered for an Early Stage Small Business Investment Company (SBIC) license. The revised deadlines are as follows:

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Under President Obama’s “Startup America” initiative, the SBA introduced the Early Stage SBIC in 2012 to focus on investing in early stage small businesses as a means to provide capital to entrepreneurs and encourage innovation.