Vendor needs to provide small business credit initiative financial technology service.
- Subscription-based cloud platform for a Software as a Service (SaaS) solution to facilitate the matching of capital providers (debt and equity) to small businesses' capital needs within the state
- Identify small businesses and entrepreneurs in need of capital support.
- The platform must be able to facilitate all aspects of tracking and reporting transactions between the small businesses and capital providers, meeting all regulations and requirements of financial institutions, and securely protecting information as required by the Privacy and Patriot Acts.
- In addition, the platform should already be in commercialization; meet federal security requirements known as Federal Risk and Authorization Management Program (FedRAMP); have configurability for an Application Programming Interface with other department platforms; and require nominal enhancements to meet other needs of the department.
- A technology-based matching platform is an essential requirement to the system that will be used to identify small businesses, enable growth and entrepreneurship in underserved regions of Louisiana, as well as assist with the administration and reporting of applicants and providers.
- The technology shall utilize Optical Character Recognition and Natural Language Processing which leads to an inclusive platform.
- Identify venture capital and finance institutions for Louisiana small businesses and entrepreneurs.
- Provide small businesses and capital providers a robust, intuitive cloud-based system that employs Artificial Intelligence technologies and meets Americans with Disabilities Act system requirements.
- Reduce delays that small businesses and entrepreneurs experience in locating a qualified provider of capital that meets their unique needs.
- Lead efforts to support an inclusive entrepreneurial ecosystem by increasing access to investment and support of Louisiana businesses owned by Socially and Economically Disadvantaged Individuals.
- For through LED to be nationally recognized for effectively deploying capital funds issued in American Rescue Plan Act by Treasury for the State Small Business and Entrepreneurial ecosystem.
- Timely and accurate reporting to treasury as required per the agency Reporting Guidance.
- Enterprise resource planning agency software
- Permanent information technology systems or database administrators
- Financial analysis software
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