Office of the Illinois StateTreasurer Request for Proposals Internal Venture Capital Consultant July 26, 2004

              Office of the Illinois State Treasurer
Judy Baar Topinka
Request for Proposals
Internal Venture Capital Consultant
July 26, 2004
I. Need for Services:
The Illinois General Assembly enacted the Technology Development Act (30 ILCS 265/1 et seq.) to encourage technology development in the State of Illinois. The purpose of the Technology Development Act (“Act”) is to attract, assist, and retain quality technology businesses in Illinois. The Act permits the State Treasurer (“Treasurer”) to segregate a portion of the Treasurer's investment portfolio, that at no time shall be greater than 1% of the portfolio, in the Technology Development Account which shall be maintained separately from other moneys invested by the Treasurer. In order for the Treasurer to carry out her duties under the Act, the Treasurer is seeking an individual to serve as an Internal Venture Capital Consultant to utilize his or her expertise in developing, implementing and administering a Venture Capital Program (“Program”). The Internal Venture Capital Consultant will consult the Treasurer on the development and the internal daily operations of the Program. The Internal Venture Capital Consultant is distinct from an External Investment Advisor who will provide services including asset allocation and investment recommendations once the Program is in place. All proposals and services performed must be in accordance with the Act.
II. Project Term:
The Treasurer will require these services for a period of one year. The parties may mutually agree to extend these services for two independent one year periods as is permitted by the Treasurer’s Procurement Code (44 Ill. Adm. Code 1400).
III. Contents of Responses:
Each response must contain the following:
A. A cover letter with the following information:
1. The name, address, e-mail address (if available) and telephone number of the person or persons available for contact concerning your response and who is authorized to make representations on behalf of you or your organization.
2. A statement indicating that, with the submission of your response, you understand that you are making an offer to the Illinois State Treasurer that is binding from the response opening date of August 10, 2004 until October 29, 2004.