Small Start-up Grant Criteria and Application
Feed the Seed Small Start-up Grants (SSG) are for companies and founders who reside and operate a business within Kane, DuPage, Kendall or Will counties. Selected companies must agree to maintain their residence and operations within the above noted counties for 2 years after receiving grant funding.
Feed the Seed Small SSGs are designed to help needy entrepreneurs to bring an innovative product or business to market. We will not consider pharmaceutical (or medicinal) companies, consulting, restaurants, retail or not-for-profits.
The ideal recipient for Feed the Seed SSGs include companies that will create an innovative product or business with market potential to grow in excess of $400,000 in annual revenue and employ 2 people (including owner/founder) within 3 years.
Stage of Development
Feed the Seed Small SSGs are ideal for companies who are
- Researching an idea
- Developing a prototype
- Testing a product
The expected outcome is a well-defined market and path for commercialization.
Applicants are expected to have a minimum of one full-time team member within six months after applying for the grant. Work experience in or on a previous startup, as well as domain expertise, is favorable as well – but not required. Founder must be a US citizen or legal resident.
Ideal recipients will be pre-revenue or less than $40K in the previous 12 months.
Feed the Seed Small SSGs are intended to help early-stage companies position themselves for growth and other funding sources. As such, ideal candidates will not have already raised early-stage equity funding. This does not include friends and family funding.
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