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Startups Grants In Wisconsin - 2024

Explore our comprehensive List Of Startup Grants In Wisconsin, designed to fuel growth and innovation for emerging businesses in the state.

Lisa Shmulyan
Accounting & Tax
February 15, 2024

Wisconsin offers many startup grants to boost innovation and economic growth. These grants help early-stage startups and entrepreneurs in several industries. There are funds for things like agricultural research, educational programs, and nonprofits.

Grants also help with entrepreneurial development and business acceleration. Special funds are available for veterans, women, minority-owned businesses, and tech nonprofits. These grants focus on community impact and professional growth.

The Wisconsin Economic Development Corporation provides key support across different sectors. This aid is vital in areas like Madison and Milwaukee, enhancing the local entrepreneurial scene1. Grants range from $5 million to $100 million, boosting early-stage companies2. They target sectors like healthcare tech, manufacturing, and biotech2.

Investments in Wisconsin can vary from $250,000 to $2 million for growth. Larger, multi-year commitments are also made2. Investors such as HealthX Ventures and Capital Midwest Funds focus on early-stage firms, especially in manufacturing and healthcare1.

Key Takeaways

  • Wisconsin provides a broad range of startup grants specifically tailored to foster innovation and economic growth.
  • Funding varies significantly, ranging from $5 million to $100 million2.
  • Key sectors include healthcare, advanced manufacturing, and biotechnology, among others2.
  • Support is available for specialized groups such as veterans, women, and minority-owned businesses.
  • Grants from the Wisconsin Economic Development Corporation are crucial in business development1.

Introduction to Startup Grants in Wisconsin

Wisconsin is famous for helping entrepreneurs and startups. From startup grants programs to mentorship and funding opportunities, they support innovation and growth. This boosts the local economy. Government agencies, nonprofit organizations, educational institutions, and more are involved.

The Wisconsin Economic Development Corporation (WEDC) has a grant program for entrepreneurs. It is competitive and has several application periods a year. Applicants must show a year of results3. Applications are open from August 12 to September 6. Winners are told about two to three months later. They must match the grant money with their own or approved costs3. Also, winners must report their performance every year3.

Another key effort is the International Market Access Grant (IMAG). It gives up to $25,000 to companies trained in ExporTech™, and $10,000 to others. Both need a 30% match of funds4. For new businesses, there are micro-grants for business plans. They cover costs up to $4,5004.

The Value-Added Producer Grant (VAPG) program is important too. It offers up to $75,000 for planning grants and up to $250,000 for working capital grants. Both need matching funds4. Also, the Dairy Business Innovation Alliance (DBIA) gives up to $100,000 for dairy projects focusing on new ideas and sustainability4.

The Wisconsin Women's Business Initiative Corporation (WWBIC) gives micro-loans up to $100,000. It mainly supports women's businesses. This helps with entrepreneurial support and Wisconsin business growth5. Similarly, Impact Seven aids with startup or business growth in Wisconsin communities, boosting the state's business scene5.

With these startup grants programs and support, Wisconsin boosts entrepreneurial support and Wisconsin business growth. This helps local startups to create new things and succeed.

Federal Grants Available to Wisconsin Startups

Wisconsin startups can tap into various federal funding opportunities. These include the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. These *federal funding options* boost technological innovation and help local businesses reach new markets.

Small Business Innovation Research (SBIR)

The SBIR program helps small businesses with research and development. This support encourages innovation and aids in bringing new products to market. Wisconsin startups can get a share of $19,219.00 million in federal grants, thanks to SBIR. This is a big chance for them to work on groundbreaking ideas with financial backing. Interested businesses can find out more about these grants at federal funding opportunities6.

Small Business Technology Transfer (STTR)

STTR strengthens ties between small businesses and research institutions. It funds projects that are ready to be developed into commercial products. Over 111,758 business establishments in Wisconsin can benefit from STTR's focus on tech innovation. This program supports companies of various sizes, giving them the financial lift they need6.

New federal funding is also aimed at helping Wisconsin businesses recover from the pandemic. The Invest in Business Grant offers up to $10,000 to each of 300-400 businesses. However, demand is high with over 1,200 applications already in7. Entrepreneurs should check GrantWatch for the latest grant info and eligibility6.

State-Specific Grants for Wisconsin Entrepreneurs

In Wisconsin, state-specific grants greatly help entrepreneurs grow. The Wisconsin Economic Development Corporation (WEDC) and the Wisconsin Fast Forward are key programs. They focus on business expansion and improving skills.

Wisconsin Economic Development Corporation (WEDC) Grants

The WEDC supports local business leaders by offering grants. These grants promote innovation and growth. One example, the Collaborative Market Access Grant, gives up to $150,000 to help export-ready companies8. Businesses can get up to $15,000 each.

There's also the International Market Access Grant. It reimburses up to $10,000 for export projects. If businesses complete the ExporTech™ program, they get up to $25,0008. These efforts show how WEDC funding helps businesses across Wisconsin succeed.

Other efforts include the Wisconsin CTC Micro-Grants. They offer up to $4,500 for SBIR/STTR proposal development8. This funding boosts innovation and supports the state's economy. WEDC investments create a strong ecosystem for entrepreneurs, driving growth and sustainability.

Wisconsin Fast Forward Grants

The Wisconsin Fast Forward program focuses on workforce development. It offers grants up to $50,000 for training programs. Businesses need to match 50% of the cost themselves8. This effort helps ensure workers meet modern industry needs.

This program also supports specific groups and industries with specialized grants. For example, businesses with under 500 employees can get this support. It helps small enterprises grow and succeed8. This targeted help builds a strong business environment in Wisconsin.

Besides helping businesses, the Wisconsin Fast Forward Grants boost the community. They enhance local job opportunities. Nearly $80 million from the Wisconsin SSBCI helps startups and improves credit access for small businesses8. This shows Wisconsin's deep commitment to its entrepreneurial scene.

For more details on Wisconsin grants for entrepreneurs, check the Forbes Advisor's guide.

Local Grants and Funding Opportunities

Local grants and funding help grow businesses and communities in areas like Milwaukee and Madison, Wisconsin. These cities are full of chances for new and expanding companies. They provide essential support for these ventures.

Milwaukee Economic Development Corporation (MEDC) Grants

The Milwaukee Economic Development Corporation (MEDC) offers grants to help both new and established businesses. These grants aim to make the city's economy stronger. They support different areas including environmental work and improving green spaces. For example, funds go towards park developments, ATV trails, reducing diesel emissions, and removing dams9.

Madison's Business Development Grants

Madison has many grants to support startup projects. The city's Business Development Grants help startups with financial needs. This money helps them innovate and grow. The grants support various projects, like forest fire prevention and improving boating facilities. They also help with wildlife damage control and city tree projects9. Moreover, Madison's MEDC funding offers even more support, building a strong network for startups9. This complete support system ensures startups have what they need to succeed.

Innovation and Research Grants

Wisconsin is a leader in innovation and research. It promotes groundbreaking work through WARF initiatives and University of Wisconsin Innovation Partnerships. These efforts support research and help turn new ideas into reality. They boost Wisconsin's tech advancements and economic growth.

Wisconsin Alumni Research Foundation (WARF)

WARF plays a significant role in moving research discoveries beyond the university. They invest in patents and support varied research efforts. In 2021, WARF gave out nearly 7,000 awards to over 4,000 people. This shows their commitment to research that benefits society10. WARF turns promising research into real-world solutions and businesses.

University of Wisconsin Innovation Partnerships

Working with WARF, the University of Wisconsin boosts research through its Innovation Partnerships. These partnerships help turn smart ideas into marketable products, driving economic growth. They offer faculty and students a chance to work with industry experts. This collaboration pushes Wisconsin's innovation and research.

The University also shares knowledge to tackle big global issues. This keeps Wisconsin in the lead in many fields.

For details on Wisconsin's research grants in healthcare, agriculture, social sciences, and STEM, visit this link10.

Nonprofit and Private Sector Grants

Nonprofits and private sectors are vital in giving extra funding chances to startups in Wisconsin.

Gener8tor Accelerator Funding

The Gener8tor program plays a big part in private sector support. It gives startups money and mentorship to help them grow fast. With over 25,000 nonprofits in Wisconsin, programs like these are key. Gener8tor links startups with skilled mentors, investors, and leaders for lasting success.

If you're looking for different funding choices, this link has info on private and nonprofit grants in Wisconsin.

Idea Fund of La Crosse

The Idea Fund VC of La Crosse works with new startups. It aims to speed up growth by giving money, insights, and connections. This action shows the area's dedication to private sector support.

This is seen in efforts like the Healthier Wisconsin Partnership Program and the Henry T. Nicholas, III Foundation's support1112. Using these resources and support from groups like the Tony Robbins Foundation ensures startups can do well.

List Of Startups Grants In Wisconsin

Wisconsin offers a lot of support to new businesses with various grants. There are key programs like the Badger Fund of Funds and the Wisconsin Super Angel Fund. These are important for the state’s venture capital scene.

Badger Fund of Funds

The Badger Fund of Funds helps boost venture capital in Wisconsin. It invests in local venture capital funds that support startups. This helps grow the economy and sparks innovation in the state.

By investing locally, the Badger Fund keeps important capital in Wisconsin. This helps startups grow, especially those doing early research and development13.

Wisconsin Super Angel Fund

The Wisconsin Super Angel Fund supports fast-growing early-stage companies. It looks for startups with big potential for success. This helps ensure that innovative businesses get the support they need to expand.

This fund is key to bringing new technologies and business ideas to market. It plays a big role in making Wisconsin’s economy stronger14.

In the end, both the Badger Fund and the Super Angel Fund are crucial for Wisconsin's entrepreneurs. They help create a great environment for business growth and innovation.

Specialized Grants for Underrepresented Groups

Wisconsin offers many specialized grants to help minority and women-owned businesses grow. These programs aim to make the business world more diverse. They provide support and resources to tackle challenges unique to these groups.

Minority-Owned Business Grants

In Ashland County, Wisconsin, there's a key program by the Ashland Area Development Corporation (AADC). It offers training, coaching, and financial help for entrepreneurs from underrepresented communities. This includes classroom lessons, mentoring, and grants for business loans provided by the AADC15. To be eligible, a business must be majority-owned (51%) by minorities living in Ashland County15.

The FishAmerica Foundation Grant provides up to $25,000 to non-profits. These funds help improve waters and fish populations, benefiting Wisconsin16. This grant highlights the need to keep our environment healthy. It supports businesses and communities depending on nature.

Women-Owned Business Initiatives

For women entrepreneurs in Wisconsin, there's focused support available. Programs are designed for businesses at least 51% owned by women. They offer planning, mentoring, and financial help15.

The Ms. Foundation For Women runs the Birth Justice Initiative Grant Program. It gives $50,000 to $100,000 to groups focusing on women of color and healthcare16. This program is set to reduce racial health gaps. It ensures women and their communities have better health services.

Over $128 million have been put into Wisconsin Workforce Innovation Grants. They fund various programs, including training for women entrepreneurs in Kenosha17. These grants aim to help 2,500 unemployed and underemployed people in central Wisconsin. They support diverse groups and empower women entrepreneurs across the state17.

Venture Capital and Angel Funding in Wisconsin

In Wisconsin, venture capital and angel investors are key to helping startups grow. This section talks about some big funds and investors that help Wisconsin's business scene flourish.

Titletown Tech Venture Capital Fund

The Titletown Tech Venture Capital Fund is a big name in venture capital. It's a team effort by the Green Bay Packers and Microsoft. The fund is in Green Bay and offers a lot of support and advice to startups.

Golden Angels Investors

Golden Angels Investors is a big name in Brookfield, Wisconsin. They help new businesses get off the ground with money and advice. Thanks to them, many startups have grown and helped the local economy.

Capital Midwest Funds

Capital Midwest Funds in Milwaukee gives money to startups that could grow big. They focus on areas like healthcare and technology. Their help has been key in bringing new ideas to life in Wisconsin.

In the Milwaukee area, the Wisconsin Economic Development Corporation has invested in 44 startups1819. Golden Angels Investors and the Wisconsin Super Angel Fund also contributed. They invested in 7 and 6 startups, respectively, in the area18. These actions show the strong support network for entrepreneurs in Wisconsin.

Conclusion

Wisconsin's startup scene is booming, thanks to strong support from the state. There are lots of grants from different sectors for new businesses. The Wisconsin Tomorrow – Main Street Bounceback program offers $10,000 to help fill empty shops. This is a big help for new companies starting out20.

There are many types of financial help available. The SBIR and STTR federal programs work with WEDC and Wisconsin Fast Forward initiatives. Local organizations like the Milwaukee Economic Development Corporation offer more support. Plus, there are special grants for groups that often get overlooked21.

Wisconsin gives startups the resources they need to grow. With support for research, grants, and investments, new businesses can get off the ground. This makes Wisconsin a great place for startups. It's all about long-term success and innovation.

FAQ

What types of startup grants are available in Wisconsin?

Wisconsin has many startup grants aimed at boosting innovation and economic growth. These grants support agricultural research, education, nonprofit efforts, and business growth. They are crafted to help entrepreneurs and startups succeed.

Are there any specialized grants for minority and women entrepreneurs in Wisconsin?

Yes, there are special grants for minority-owned and women-owned businesses in Wisconsin. These grants provide support, money, and resources. They aim to solve challenges that these groups often face in the business world.

What federal grants can Wisconsin startups access?

Wisconsin startups can tap into federal grants like the SBIR and STTR programs. These initiatives boost small businesses' participation in research and development with commercial potential.

What state-specific grants are available for Wisconsin entrepreneurs?

State-specific grants for Wisconsin entrepreneurs include WEDC grants and Wisconsin Fast Forward Grants. They help businesses grow, innovate, and enhance skills across various industries.

Are there local grant opportunities available in Wisconsin?

Yes, local grants such as the MEDC Grants and Madison's Business Development Grants are available. They offer financial aid to businesses in Milwaukee and Madison, promoting local economic growth.

What innovation and research grants are available in Wisconsin?

Innovation and research grants in Wisconsin come from the WARF and University of Wisconsin Innovation Partnerships. They drive university discoveries and help turn innovative ideas into successful ventures through partnerships.

What nonprofit and private sector grants are available in Wisconsin?

Nonprofit and private sector grants in Wisconsin include Gener8tor Accelerator Funding and the Idea Fund of La Crosse. Gener8tor provides capital and mentorship programs. The Idea Fund partners with startups in their early stages to speed up growth.

Are there specific grant funds for early-stage startups in Wisconsin?

Yes, early-stage startups have the Badger Fund of Funds and Wisconsin Super Angel Fund. These funds invest in local venture capital and provide growth financing to businesses poised for quick growth and a potential early exit.

What venture capital and angel funding options are available for Wisconsin startups?

Venture capital and angel funding options include Titletown Tech Venture Capital Fund, Golden Angels Investors, and Capital Midwest Funds. They offer funding, support, and connections with seasoned investors to aid startup growth.

How do Wisconsin's startup grants foster economic growth?

Wisconsin's startup grants aid economic growth by offering financial help, mentorship, and strategic advice to startups. This support fosters innovation, aids startup development, and boosts the local economy through diverse entrepreneurial endeavors.

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