The Wisconsin Economic Development Corporation (WEDC) is now accepting applications from nonprofit and community-based organizations for a grant program designed to advance the statewide climate for entrepreneurship.
The Entrepreneurship Support Program provides financial assistance of between $10,000 and $100,000 for projects that promote entrepreneurship and provide Wisconsin entrepreneurs with key resources, including training, mentorship, and business development and financial services.
Launched in 2016, the initiative has provided nearly $1 million in grants to 17 organizations statewide to help fund activities such as prototyping assistance, legal services, and outreach to underserved entrepreneurs. Those grants have enabled organizations to provide services to hundreds of entrepreneurs through a wide variety of initiatives.
While WEDC has a variety of programs to support the formation, development, growth and financing of technology-based and growth-oriented startup and early-stage businesses, this initiative provides funding to organizations and communities whose efforts may not meet the eligibility criteria for existing programs.
“This program has made a real difference in supporting Wisconsin’s entrepreneurial ecosystem by filling resource gaps, launching new initiatives and building strong community networks,” said Aaron Hagar, WEDC’s vice president of entrepreneurship and innovation. “We look forward to seeing what type of innovative grant proposals are developed to provide entrepreneurs throughout the state with the support and resources they need to launch successful businesses.” Read the full release here.