Launch Minnesota Awards Nearly $440K in Grants to 17 Technology Startups
Tuesday, February 15, 2022
St. Paul – The Minnesota Department of Employment and Economic Development (DEED) today announced that Launch Minnesota has awarded nearly $440,000 in matching grants to 17 local startups who were competitively awarded over $8 million in federal Small Business Innovation Research and Small Business Technology Transfer funding (SBIR/STTR). Of the 17 grantees, 10 are BIPOC, or woman-owned businesses and/or are located in Greater Minnesota.
“We believe in the importance of fostering these technologies, which is why MN-DEED financially supports the Minnesota SBIR/STTR Accelerator and startups through our innovation grants,” said Kevin McKinnon, DEED Deputy Commissioner for Economic Development.