Nebraska Innovation Fund Prototype Grants – Nebraska Department of Economic Development
About
About Prototype Grants
- Prototype grants can be up to $150,000 per project for development.
- Applicants must be businesses operating in Nebraska that can provide a minimum of 50% (2:1) of the grant request as matching funds. Value-added agriculture projects require a match of 25% (4:1).
- Grant funds are accessed via reimbursement. DED reimburses project costs at a rate of 66% or 80% for value-added agriculture projects.
- To apply, applicants must submit an application form and provide a business plan and evidence of matching funds.
- If approved, the project must be completed and all funds must be drawn down within 24 months.
Eligible Businesses
Any Nebraska-based corporation, limited liability company, partnership,
registered limited partnership, sole proprietorship, business trust, or other
entity with fewer than 500 employees engaged in non-retail primary industries
adding value to products or processes in Nebraska.
Eligible Use of Funds
Prototype grant funds must be used towards the development of a product.
Examples of eligible costs are wages for employees or contractors, prototype
materials, and limited preapproved tooling or equipment costs. Applicants must
provide a budget at the time of application that will outline the anticipated
project costs.
Eligible Matching Funds
Includes any non-state source—private foundations, federal or local
governments, quasi-governmental entities, commercial lending institutions,
investors, etc.—provided they are not using funds appropriated by the Nebraska
Legislature. Matching funds must be in the form of a cash match.
Services Provided
Financial Resources and Assistance
- Technology Grants
Product Development
- Product Design and Development
- Prototype Development
Tyler Rogert
245 Fallbrook Blvd, Suite 002
Lincoln, NE 68521
(531) 310-2709
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