http://www.delawareinnovationfund.com $150,000 to $2 Million in Delaware Venture Capital Venture capital is needed for both technology-based and non-technology oriented companies to get them up and running. In order to help these companies grow, the State of Delaware has joined as a partner in three venture capital funds. Each one funds businesses at various stages of development, but their investment focus varies. Contact: Delaware Economic Development Office 99 Kings Highway Dover, DE 19901 302- 739-4271 $50,000 For Delaware Inventors The Small Business Innovation Research (SBIR) grant program is a federal government program designed to encourage small business to explore their technological potential and provides the incentive to profit from its commercialization. SBIR funds the critical start-up and development stages. Phase I Provides awards up to $100,000 for six months support for the exploration of technical merit or feasibility of an idea or technology. Delaware businesses that receive Phase I support are eligible for a bridge grant of up to $50,000 if they submit a Phase II proposal. 55 Contact: Delaware Economic Development Office 99 Kings Highway Dover, DE 19901 302- 739-4271 Money For Development And Marketing In Delaware Companies based in Delaware may be eligible for the Delaware Innovation Fund that provides financial and technical assistance to businesses, which have the potential to launch innovative products and processes into
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