Small Businesses Eligible for Up To $100,000!
Dover, DE
03/16/2023 09:04 AM
Encouraging Development, Growth & Expansion
The EDGE Grant program gives qualified small businesses in Delaware an edge by offering access to significant capital like never before.
The next round of EDGE is open for applications! The deadline to apply is 4:30 p.m. on March 31, 2023The 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).
Who Is Eligible
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
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
*Other conditions and qualifications may apply
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