Up to $35,000 Available for Qualifying Businesses
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. Qualifying businesses may receive grants up to $35,000, which are disbursed on a 1:1 reimbursement basis (grantee spends $2, then gets reimbursed $1). Applicants may receive one grant per biennium (July 1, 2021 – June 30, 2023)
- 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
Before applying, potential applicants should review additional eligibility requirements detailed in the eligibility document. Grant applications are reviewed on a rolling basis. The Launch Minnesota Advisory Board conducts an initial application review at its meetings, which occur approximately every two months. We also recommend completing the free Lean Startup class offered through Launch Minnesota before submitting a grant application to increase your likelihood of receiving funding.