Today, the Minnesota Department of Employment and Economic Development (DEED) announced $386,964 in Launch Minnesota Innovation Grant awards to startups across the state.
The grants were awarded to 15 startups, over half of which are led by entrepreneurs of color, veterans, women, or located in Greater Minnesota. Launch Minnesota Innovation Grants target the most promising, innovative and scalable technology businesses in Minnesota. The grants help reduce the risk for Minnesota technology startups and entrepreneurs who are solving problems and growing our state’s innovation ecosystem.
“The launch of new technology startups is important to Minnesota’s overall competitiveness,” said DEED Deputy Commissioner Kevin McKinnon. “These grants encourage more Minnesotans to pursue future solutions and opportunities for industry.”
Innovation Grants provide up to $35,000 for innovative, scalable startups based in Minnesota. These funds can be used for research and development, direct business expenses and technical assistance. The $1.5M of funding for this fiscal year is now exhausted. Launch Minnesota will begin accepting applications for Innovation Grants again in July 2023…
