Delaware Division of Small Business announces EDGE Grant Competition (US)

Encouraging Development, Growth & Expansion (EDGE) is a competition for grant funding.

Funding Information

• Five STEM (Science/technology/engineering/math)-based companies can each receive up to $100,000 for eligible expenses. Five Entrepreneur Class (non-STEM) businesses can each get up to $50,000. The funds are provided as a $3 (state) to $1 (business) match.
• The Division provides up to 10 total grants per application round.

Eligible Expenses

• Grant funding must be used to expand a business’s viability and sustainability, specifically:
  • Market analysis assistance
  • Advertising assistance
  • Building infrastructure/cosmetic enhancements
  • Essential equipment
  • Web site design
  • Rent assistance for lab space

Eligibility Criteria

• Qualified applications must:
  • Have been in operation less than 7 years
  • Employ 10 people or fewer
  • Be majority located in Delaware

Award Criteria

• Applications will be judged by a panel of experts on:
  • Business need case
  • Competitive advantage gained
  • Business viability and likelihood of permanence
  • MWVBE status of business owner
  • Business location (DDD and/or Opportunity Zone)
  • Job creation/revenue growth

For more information, visit Delaware Division of Small Business.