08.29.19

Northeast Indiana Incubator Receives SBA Grant

Wes Mills, Content Manager, Inside Indiana Business
Photo by The NIIC

Excerpt

FORT WAYNE – The Fort Wayne-based Northeast Indiana Innovation Center has been awarded a grant from the U.S. Small Business Administration. The SBA says the funding aims to help underrepresented entrepreneurs, such as minorities, women-owned and rural-based businesses, develop their small, high-tech firms.

Twenty-four recipients nationwide will split the $3 million in total funding with the maximum award being $125,000.

The SBA says the grant money is allocated through its Federal and State Technology Partnership Program. The objective of FAST is to improve outcomes by providing seed money for innovative business owners who run small research-and-development firms. ‘They focus on the needs of next-generation high-tech firms and support them through the entire cycle from ideation to commercialization,’ said Acting Administrator Christopher Pilkerton.”

Click here to read full story on Insideindianabusiness.com.

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