State-backed entrepreneurial program CTNext said it has launched a $25,000 grant program to bolster startups with high growth potential.
The Growth Company Grants Program will offer backing for strategic projects and customer acquisition, according to Connecticut Innovations, which oversees CTNext.
Project funds of up to $25,000 per company can be used for, but, are not limited to, sales assistance, marketing, strategy, organizational development, technology assistance, bid assistance, and beta testing. Recipients will be required to match one-third of the grant with their own funds.
“As companies mature, the decisions they make become increasingly important,” said Glendowlyn Thames, interim executive director of CTNext. “The goal of this program is to assist companies with the challenges they face during the growth stage.”
For-profit companies and nonprofit organizations are eligible for the grant.
More information is available here.
