2024 Build to Scale
Highlights
This program is designed specifically for businesses like yours that are focused on technology and innovation. By applying, you can enhance your capacity to innovate and access funding that supports your growth and the development of emerging technologies. This is not just about funding; it's about being part of a collective effort to build regional economies and empower communities that rely on technology.
Applying gives you the chance to unlock essential resources that can help your business thrive. While the funding itself supports operational and programmatic costs of regional initiatives, it creates an ecosystem that benefits all technology-enabled entrepreneurs. Ultimately, being part of this program positions your business to accelerate commercialization efforts and increase access to vital investment capital.
The best part? There are no minimum or maximum revenue requirements, which means you have every reason to apply. With an inclusive approach, this program ensures that your business will receive the support and resources needed to drive growth and innovation in your industry.
Financing Details
Type of Financing
This program offers a grant. Grants do not require repayment, making them an ideal option for businesses looking to grow without incurring debt.
Repayment Terms and Eligible Expenses
There are no interest rates or repayment terms because the funding is provided as a grant. The funds can be used for operational and programmatic costs related to developing and supporting regional innovation initiatives. This might include salaries for staff, project materials, and other direct costs associated with your innovations.
Restrictions and Fees
The funds cannot be used to directly support startups or individuals; they must be allocated to the supporting organization and its activities. Additionally, there are no specified fees associated with applying for or receiving this funding.
Remember, this program is designed to help you build your business capabilities without the burden of repayment!
Qualifications
Qualifications to Apply:
- Organizations must support technology- and innovation-centric, high-growth companies.
- Available for all sectors.
- No minimum or maximum number of employees required.
- No minimum or maximum company revenue requirements.
- All legal structures are applicable.
- All profit structures are applicable.
Disqualifications:
- Award funds may not be passed or transferred directly to beneficiaries (participant startup companies and individuals).
Description
This program is designed to support high-growth companies focused on technology and innovation. If you're in a sector that revolves around developing new products or services in emerging fields, this funding could be a game changer for you. The goal is to enhance your capacity to innovate and access the capital you need to take your business to the next level.
You can benefit from funding that helps build regional economies and empowers communities in technology. This program provides essential support for organizations like yours to unlock investment capital, drive company growth, and accelerate the commercialization of new technologies. With a focus on equity and inclusion, it aims to ensure all technology-enabled entrepreneurs can access the resources they need.
The funds awarded are meant for operational and programmatic costs that support regional innovation initiatives. However, it’s important to note that these funds cannot be directly passed on to participant startups or individuals. This means that while you won't receive the money directly for your business, the resources it funds are designed to create an environment where your business can thrive.
Program Steps
Visit the Program Website
Start by going to the official program website to access application details and requirements.Gather Required Documentation
Prepare the following documents needed for your application:- Business Plan
- Financial Statements (last two years)
- Proof of Technology/Innovation Projects
- Evidence of Community Impact (if applicable)
- Resumes of Key Team Members
Complete the Online Application Form
Fill out the online application form accurately. Be sure to provide all required information.Submit Your Application
Review your application and submit it before the deadline. Ensure all required documents are attached.Monitor Application Status
After submission, keep an eye on your email for updates regarding your application status.Prepare for Follow-Up
Be ready to answer any follow-up questions or provide additional information if requested by the program administrators.