DOVER, DE – Young Delaware companies in need of funding to help expand their business can now apply to compete for an Encouraging Development, Growth and Expansion (EDGE) grant from the Division of Small Business (DSB). The division will be accepting EDGE grant applications between now and March 31 from promising early-stage businesses throughout Delaware. Businesses that are less than seven years old and employ no more than 10 employees are eligible to apply for an EDGE grant. In previous rounds, businesses were required to be less than five years old, but DSB chose to expand this requirement to provide more small businesses with the opportunity to apply for funding. “We know that it may take a few years for some small businesses to get off the ground, especially the businesses in our STEM category,” said DSB Director Regina Mitchell. “By expanding the number of years that eligible EDGE grant applicants have been in business, we are hopeful that even more Delaware start-up companies will be able to take advantage of the opportunity to apply.” EDGE grants are awarded through a competitive selection process. Five STEM-based companies can receive up to $100,000 for eligible expenses while five Entrepreneur Class […]
EDGE grant competition reopens to benefit small businesses
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