Deadline Approaching for $10 Million in Grants to Support High-Growth Small Businesses

Are you an early-stage Montgomery County technology or wholesale product manufacturing entrepreneur?    Check online to see if you are eligible to apply for the Technology Innovation Fund or the Founders Fund for commercialization grants to help you grow your business.    Applications for both funds now are open and will be accepted until 5 p.m. on Friday, Jan.31. These new funds offer a combined $10 million in commercialization grants to spur economic development and create equitable opportunities for growth and prosperity.

About the Founders Fund

The $3 million Founders Fund offers grants of up to $100,000 to early-stage entrepreneurs from historically underrepresented communities who face systemic barriers to accessing capital. Eligible applicants must demonstrate how their proposed commercialization project will drive their business growth.

About the Technology Innovation Fund

 
The $7 million Technology Innovation Fund will provide grants of up to $200,000 to early-stage businesses developing proprietary technology with high growth potential. Funds will support commercialization projects that bring innovative products closer to market, helping businesses to achieve significant milestones.

To learn more about the Technology Innovation Fund and Founders Fund and to apply, visit https://www.fedtech.io/accelerators/mcg. If you have any questions, email MontCtyMD@fedtech.io.