State Incentives

EDGE Grants

The Division of Small Business awards EDGE Grants through a competitive selection process. STEM-based companies can receive up to $100,000 for eligible expenses. Entrepreneur Class (non-STEM) businesses can get up to $50,000. The funds are provided as a $3 (state) to $1 (business) match. And the Division can provide up to 10 grants per application round (5 STEM/5 Entrepreneur).

Who Is Eligible*

Qualified applications must:

  • Have been in operation less than 5 years
  • Employ 10 people or fewer
  • Be majority located in Delaware
  • Have not received a previous Strat Fund grant

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

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

*Other conditions and qualifications may appl

Contacts

State of Delaware

https://business.delaware.gov/edge/

Category: State

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