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

• 💰Financial Support
  Up to $150,000 per project
• 💸Cost Reimbursement
  66% reimbursement rate for project costs, 80% for value-added agriculture projects
• 🔧Resource Allocation
  Funds can be used for wages, prototype materials, and preapproved tooling or equipment costs
• 📞Application Guidance
  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

Participation Commitments

• Must provide matching funds as per eligibility criteria
• Engage in project activities as outlined in the grant agreement
• Submit regular progress reports to the Nebraska Department of Economic Development
• Utilize funds strictly for approved project expenses

Target Region

Nebraska

Target Sector

All Industries