St. PAUL, Minn. – Nearly two dozen technology startups have been awarded grants to help them get off the ground.
In all, the Minnesota Department of Employment and Economic Developments has awarded more than $672,000 in Launch Minnesota Innovation Grants to 20 technology startups throughout the state.
These grants require a one-to-one match with private dollars, the department said in a news release on Friday, bringing the total potential investment in these startups to more than $1.3 million.
Launch Minnesota is a statewide collaborative effort to accelerate the growth of startups and amplify Minnesota as a national leader in innovation. Grants are targeted to the most promising, innovative, and scalable technology prairie_businesses in the state.
“Launch Minnesota is building on the energy of our state’s entrepreneurs, who are eager to expand their prairie_businesses, solve real world problems, and grow our Minnesota’s innovation ecosystem,” Laucnh Minnesota Executive Director Neela Mollgaard said.
The internal review of the next batch of grant applications will be completed by the end of February.
Grant applications will continue to be reviewed on a rolling basis until the $1.6 million in fiscal year 2020 funding for Launch Minnesota Innovation Grants is fully awarded, according to the news release. In July, another $1.6 million in funding will be available for fiscal year 2021.
Click here to see a list of the 20 grant recipients.
For more information: LaunchMinnesota.org.