The Small Business Innovation Grant is designed to support innovative small businesses in developing new products, services, or technologies that drive economic growth and job creation in our region. This comprehensive program provides not only financial support but also mentorship and resources to help your business succeed.
Up to $50,000
Maximum funding
December 31, 2024
Application deadline
21 days
Avg. processing time
Business must be located within the economic development zone
Annual revenue under $2 million
Fewer than 50 employees
Innovative product or service with growth potential
Demonstrated market need and competitive advantage
Clear business plan with financial projections
Commitment to job creation within 18 months
Product development and prototyping
Technology development and software
Market research and validation
Equipment and machinery purchases
Working capital for growth
Marketing and business development
Intellectual property protection
Register on our platform and complete your business profile
Estimated time: 5 minutes
Complete the online application form with required documents
Estimated time: 2-3 hours
Our team reviews your application for completeness and eligibility
Estimated time: 5-7 days
In-depth review of your business plan and growth potential
Estimated time: 10-14 days
Final decision communicated and funding disbursed if approved
Estimated time: 3-5 days
Business plan (comprehensive)
Financial statements (last 2 years)
Tax returns (last 2 years)
Project proposal and timeline
Market analysis and competitive research
Management team resumes
Letters of intent from customers (if applicable)
Developed AI workflow platform, hired 12 employees, $800K revenue
Launched sustainable packaging line, expanded to 3 states
FDA approval for medical device, secured Series A funding
High-quality applications have a strong chance of approval
Sarah Johnson
Program Manager