Launch Minnesota Innovation Grants are targeted to the most promising innovative scalable technology businesses in Minnesota.
Donor Name: Minnesota Department of Employment and Economic Development
State: Minnesota
County: All Counties
Type of Grant: Grant
Deadline: 08/31/2022
Size of the Grant: up to $35,000
Grant Duration: 2 years
Details:
Launch Minnesota is a statewide collaborative effort to accelerate the growth of startups and amplify Minnesota as a national leader in innovation.
The Innovation Grant reimburses business expenses, incurred in Minnesota, for research and development, direct business expenses (including wages of employees, but not salaries or wages of 20% or more owners of the business or their family members), and the purchase of technical assistance and services.
Funding Information
- Business operations: up to $35,000 for business operations, including research and development, direct business expenses and technical assistance.
- Businesses are eligible to receive one of each grant over the two-year period.
Eligibility Criteria
- Primary business activity is in innovative technology or in an innovative business model or product
- Business operations and headquarters are located in Minnesota
- Business has not been in operation for more than 10 years
- Business has generated less than $1 million in revenue since inception.
For more information, visit MNDEED.