Winners and state officials celebrate the 2024 EDGE Grant awards.
The Delaware Division of Small Business (DSB) will hold an online information session for its EDGE Grant program on Wednesday, Jan. 22, at 10 a.m. to help potential applicants prepare for applications for its February funding round.
EDGE stands for the Encouraging Development, Growth, and Expansion (EDGE) program. a competition for grant funding. Five STEM-based (science/technology/engineering/math) companies can each receive up to $100,000 for eligible expenses, while five Entrepreneur Class (non-STEM) businesses can each receive up to $50,000.
DSB introduced the program in 2019 under former Governor John Carney and has awarded $7.25 million to 110 small businesses through Fall 2024 — 60 of them in the Entrepreneur Class and 50 in the STEM Class. Of those 110, 95 are still in business following the pandemic, according to a DSB spokesperson.
The program operates with two rounds per year — one in February and one in August. The Fall 2024 round saw 86 applicants.
The webinar will help attendees learn the elements needed for a successful application. Speakers include DSB’s director and business unit finance d
irector, a previous EDGE winner, and staff from the Delaware Small Business Development Center partners.
To be eligible to apply for the EDGE competition, your small business must have been in operation for less than seven years and have 10 or fewer full-time employees. Startups and those not yet in business are also eligible. Visit de.gov/edge for more information
Registration is required, so go to de.gov/edge to sign up.
Peter Osborne has more than 15 years of experience as an award-winning business reporter and editor, leading two papers (the Delaware Business Times and Dallas Business Journal) to recognition as the nation’s most improved business publications. Osborne also helped launch The News Journal’s now-defunct Business Monday section and worked in communications and business development for MBNA America and Bank of America.
Source: delawarelive.com…
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