Pay it Forward Grant

The Proof of Concept program provides up to $25,000 to conduct research that demonstrates the technical and economic feasibility of an innovation before it is commercialized. The program is open to those committed to commercializing an innovation in South Dakota, such as entrepreneurs, universities, existing South Dakota companies and other entities. Investment proceeds may be used to pay consultant contracts, material and supplies, salaries for employees in South Dakota, and necessary services for technical feasibility or marketing studies.

The Small Business Construction Mitigation Grant supports businesses in Salt Lake City that have been negatively impacted by nearby construction sites. Eligible independent merchants in the restaurant, retail, and bar spaces can get grants of $3,000 to put toward rent/mortgage, marketing, business improvements, and more.

Managed by the Academic Innovations Team, the objective of the Federal Matching Grant is further federal funds received by small businesses in South Carolina to advance translational research in support of one or more critical milestones towards commercialization. Preference given to SBIR/STTR awardees with initial datasets who identify gaps in commercialization activities that would help develop a compelling proposal for follow on funding. Other Federal matches will be considered on a case-by-case basis. Key milestones include developing the technology past the minimum viable product (MVP) and demonstrating product-market fit, in the DEVELOP stage of startup development. In the ACCELERATE stage of startup development, key milestones include enabling product execution through testing and demonstrations. Federal Matching Grants can match funds up to 50% of a qualifying federal award, not to exceed $50,000.

The Modernization Investment Support Initiative (MISI) Program gives grants to eligible Delaware businesses that need help modernizing their operations to remain competitive. Eligible businesses can get up to 20% of approved modernization expenses reimbursed, up to $1 million per project. Businesses can use the funds toward equipment and machinery purchases, construction, and engineering services. In order to qualify, businesses need to have an operating history of at least ten years, have a proposed modernization budget of at least $1 million, and demonstrate a need for updates to remain competitive.

Workforce+ is a Performance Grant option that allows TVA to make an investment in competitive economic development projects focused on building a highly skilled and qualified workforce. Award amounts are paid directly to the company and are contingent on companies meeting the minimum requirements of the Performance Grant Program. Funding amounts are based upon approval of the company’s talent pipeline development plan.