DOVER — After a difficult year for Delaware small businesses, the Division of Small Business is restarting EDGE Grants, an innovative, competitive program to provide young Delaware companies with funds to help them expand their enterprises.
EDGE (Encouraging Development, Growth and Expansion) grows Delaware’s economy by providing funding to promising early-stage businesses to level the playing field against larger, more established competitors.
Applications for the grant round will be accepted through 11:59 p.m. April 30. Finalists will pitch their grant proposals to a panel of expert judges, with winners announced in the early summer.
The Division of Small Business will award 10 Entrepreneur Class grants of up to $25,000 each and five STEM Class awards of up to $100,000 each.
EDGE is a matching-grant program. The Division of Small Business matches a winning business’s investment on a 3-to-1 basis.
The business can spend the money on expenses that help improve the company’s long-term chances of success, such as a marketing campaign to help acquire more customers or purchasing a needed piece of equipment that can increase production capacity.
Since EDGE launched in 2019, almost $1.5 million has been awarded to 20 promising Delaware small businesses in industries ranging from wearable technology to agribusiness to craft brewing.
Businesses should visit here for eligibility requirements, to download the grant application and to connect with a regional business manager for assistance.