Tampa Bay Wave launches relief fund for tech startups
April 15, 2020 - Tampa Bay Wave is launching the Rising Tide Relief Fund for technology startups that are members of Wave and struggling during the Covid-19 pandemic. The goal is to offer short-term, near-zero interest loans for quick cash infusions with minimal paperwork, Wave said. The loans are intended to help the businesses retain and pay their employees, stay current on their rent, and cover other fixed costs while they await state and federal funding. The loans will be made available on a rolling basis until funds are depleted. Applicants must be current members of Tampa Bay Wave and be headquartered in the Tampa Bay region, or relocating its headquarters by end of the year. Additional criteria and a link to make a donation is here. Tampa Bay Wave, based in downtown Tampa, is a nonprofit that houses and services young and growing technology companies.