Two groundbreaking funding programs are available to support innovative early-stage businesses and underrepresented entrepreneurs: the Technology Innovation Fund and the Founders Fund. These programs offer a combined $10 million in commercialization grants to spur economic development and create equitable opportunities for growth and prosperity.
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. The funds will support commercialization projects that bring innovative products closer to market, helping businesses achieve significant milestones.
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.
Applications for both funds now are open and will be accepted until 5 p.m. on Friday, Jan. 31, 2025. To learn more about the Technology Innovation Fund and Founders Fund and to apply, visit: https://www.fedtech.io/accelerators/mcg.
Read the full press release here.
