New Fund Matching Program Available for Delaware MWVBEs – Technical.ly Delaware

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By Holly Quinn / REPORTER

How would you like to quadruple your existing business capital, without loans or giving up equity?

It sounds like the opener for a late-night infomercial, but that’s what the Delaware Division of Small Businesses is offering with the EDGE (Encouraging Development, Growth & Expansion) Grant, which is currently accepting applications through June 14.

Basically, it works like this: The state will match $3 for per $1 (including non-government grant funding) spent by small businesses that do a minimum of 51% of their business in Delaware, up to $50,000 for non-STEM entrepreneurs and $100,000 for STEM startups. Ten grants may be awarded per application round.

Funds will be matched for various growth necessities, including …

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