Launch Minnesota Innovation Grants are targeted to the most promising innovative scalable technology businesses in Minnesota. Together, we’re working to help reduce the risk for Minnesota technology startups and entrepreneurs, who are solving problems and growing our state’s innovation ecosystem.
Grant applications are now closed and all funding for fiscal years 2020 and 2021 has been awarded.
Innovation Grants have included:
- Business operations: These grants provide up to $35,000 for business operations, including research and development, direct business expenses and technical assistance.
- Housing or child care: These grants provide up to $7,500 for housing or child care expenses.
- SBIR (Small Business Innovation Research) match: These grants provide up to $50,000 for businesses awarded a first time Phase 2 SBIR or STTR (Small Business Technology Transfer) award.
Businesses have been eligible to receive one of each grant over the two-year period. Increased consideration was given to startups located in Greater Minnesota, as well as businesses owned by women, veterans, and/or owners who identify as BIPOC (Black, Indigenous, People of Color).
Applications were reviewed by the Launch Minnesota advisory board, an internal review committee, and finally by the DEED Commissioner’s Office. Check here for more grant details.
If we receive continued funding for fiscal year 2022, grants will available again in July 2021.