The Delaware Division of Small Business offers the opportunity to apply for Encouraging Development, Growth & Expansion (EDGE) Grants to eligible Delaware small businesses.
Donor Name: Delaware Division of Small Business
State: Delaware
County: All Counties
Type of Grant: Grant
Deadline: 03/31/2023
Size of the Grant: up to $100,000
Details:
The EDGE Grant program gives qualified small businesses in Delaware an edge by offering access to significant capital like never before.
Funding Information
The Division of Small Business awards EDGE Grants through a competitive selection process. STEM-based companies can receive up to $100,000 for eligible expenses. Entrepreneur Class (non-STEM) businesses can get up to $50,000. The funds are provided as a $3 (state) to $1 (business) match. And the Division can provide up to 10 grants per application round (5 STEM/5 Entrepreneur).
Eligible Expenses
Grant funding must be used to expand a business’s viability and sustainability, specifically:
- Market analysis assistance
- Advertising assistance
- Building infrastructure/cosmetic enhancements
- Essential equipment
- Web site design
- Rent assistance for lab space
Eligible Applicants
Qualified applications must:
- Have been in operation less than 7 years
- Employ 10 people or fewer
- Be majority located in Delaware
- Have not received a previous Strat Fund grant
Award Criteria
Applications will be judged by a panel of experts on:
- Business need case
- Competitive advantage gained
- Business viability and likelihood of permanence
- MWVBE status of business owner
- Business location (DDD and/or Opportunity Zone)
- Job creation/revenue growth
For more information, visit DDSB.