Innovation Station Business Incubator Catalyst Commercialization Grant
Welcome to the ISBI Catalyst Commercialization Grant page funded by TRUIST Bank
Participants can apply for a competitive "Catalyst Commercialization Grant," which will provide three companies with $1,000 one-time grants ($3,000 total) for go-to-market or customer discovery strategy, market research, business development, professional development, prototype design, MVP development, technology licensing, or SBIR/STTR proposal writing.
Eligible Companies Must:
Submit Application
Describe Your Business Need
Eligible Participants are Current ISBI Member Companies or Prospects
Member of other Prince George's County-based incubators/accelerators
Use of Grant:
Three eligible businesses may receive a one-time grant up to $1,000 one-time grants ($3,000 total) for go-to-market or customer discovery strategy, market research, business development, professional development, prototype design, MVP development, technology licensing, or SBIR/STTR proposal writing.
APPLICATION
ADDITIONAL INFORMATION
A diverse group of judges across PGCEDC departments reviews applications and makes selections. Direct grants versus reimbursable grants enable under-resourced entrepreneurs to execute immediately. Grant awardees will submit an outcomes report and receipts of money spent.
The "Catalyst Commercialization Grant" revamps our successful ISBI Catalyst Grant competition of 2019 and 2020, where awardees reported deepening their customer knowledge, competitively positioning their intellectual property for company formation, and readying their products/services for market entry and penetration.
Applications will be accepted between July 2024 and September 30, 2024
Applicants are not guaranteed to received funding.
Alicia Moran PGCEDC Director of Innovation & Entrepreneurship
DATES OF INTEREST
Application:
NOW – September 30th, 2024
Notification of Awards:
January 2025
Disbursement of Funds: January 2025