$100K Free From Louisiana Innovation Retention Grant Program

$100K Free From Louisiana Innovation Retention Grant Program

Get $100k for free to develop your business idea in Louisiana!

Fantastic news for Solopreneurs and Inventors in Louisiana: The LED is giving grants up to $100k for dev

Solopreneur Grant Overview

  • Fund: Louisiana Innovation Retention Grant Program
  • State: LO
  • Funding: Up to $100k
  • Type: Free Grant
  • Source: State
  • Website: LED LIRP

Grant Details

This free frant offers financial support to specific startups in Lousiana

Research-focused, for-profit, privately owned small businesses headquartered in Louisiana.

Businesses must have received a federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) grant after June 15, 2022 (Phase I or Phase II).

Funding: Provides grants of up to $100,000 disbursed in two equal installments over two years.

The Goal? Retain these innovative startups and their talented workers in Louisiana by offering supplementary funding to the federal grants.

The program aims to achieve several objectives:

Support STEM startups in Louisiana

Help Louisiana retain and nurture promising startups in science, technology, engineering, and mathematics (STEM) fields, the Louisiana Innovation Retention Grant Program serves as a tool to strengthen the state’s innovation ecosystem by supporting and retaining promising startups.

Boost Local Innovation in Louisiana

Demonstrate the state’s commitment to fostering a culture of innovation by financially supporting research-driven businesses.

Enhance in Louisiana SBIR competitiveness

Increase investment in research conducted during the SBIR Phase I stage, potentially making Louisiana startups stronger contenders for Phase II SBIR funding.

Grow local Louisiana tech businesses

Encourage the establishment and development of high-quality technology-based companies within Louisiana.

Here are some resources for further information:

David Quaid
Author: David Quaid

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