Delaware EDGE (Encouraging Development, Growth & Expansion) Grant Competition 2025

• Competitive grant program offering funding to small Delaware businesses • Two categories of awards: - STEM-based companies: Up to $100,000 each (5 awards) - Entrepreneur Class (non-STEM): Up to $50,000 each (5 awards) • Key eligibility requirements: - Must have been in operation less than 7 years - Must employ 10 or fewer people - Must be majority located in Delaware - Must have less than $500,000 in net assets • Funds provided as $3 (state) to $1 (business) match • Eligible expenses include: - Market analysis - Advertising - Building infrastructure/cosmetic enhancements - Essential equipment - Website design - Lab space rent • Program runs twice per year (February and August rounds) • Next informational webinar: January 22, 2025 at 10:00 AM • Applications evaluated on business need, competitive advantage, viability, MWVBE status, location, and job creation/revenue growth potential