Launch Minnesota Awards over $450,000 in Innovation Grants to Startups

22 Feb 2021

Agralite, Arrowhead, BENCO, Brown, Connexus, Light and Power, Crow Wing, Dakota, East Central, Federated, Goodhue, Itasca, Kandiyohi, Lake Country, Lake Region, McLeod, Meeker, Mille Lacs, Minnesota Valley, Nobles, North Itasca, Redwood, Runestone, South Central, Stearns Electric, Steele, Todd, Wright Hennepin

St. Paul – The Minnesota Department of Employment and Economic Development (DEED) today announced that it has awarded $454,375 in Launch Minnesota Innovation Grants to startups. This follows $746,295 awarded earlier, totaling over $1.2M this fiscal year, leaving close to $400,000 remaining to allocate. The $1.6 million was fully allocated in the first year of funding.

Since January, DEED awarded grants to 17 companies, of which 13 are target minority, veteran or woman-owned businesses or are located in Greater Minnesota.

Click here to read full article from MN DEED.