Nebraska Innovation Fund Prototype Grants

About

The Nebraska Innovation Fund Prototype Grants offer financial assistance of up to $150,000 for new product development to eligible businesses in Nebraska, requiring a matching fund commitment and providing significant reimbursement for project costs, making it an excellent opportunity for innovation in the state.

Benefits

• Up to $150,000 per project
• 66% reimbursement rate for project costs, 80% for value-added agriculture projects
• Funds can be used for wages, prototype materials, and preapproved tooling or equipment costs
• Encouragement to contact DED for guidance on application process

Eligibility Criteria

• Businesses operating in Nebraska
• Must provide a minimum of 50% matching funds
• Value-added agriculture projects require a 25% match
• Entities with fewer than 500 employees
• Engaged in non-retail primary industries