SYRACUSE — CenterState CEO has a new round of funding and new structure for its Grants for Growth program.
State Sen. John DeFrancisco secured another $2 million for the program, according to CenterState CEO. The initial $2 million in funding provided 35 grants, which led to 52 new patents and 97 jobs at participating companies.
Earlier rounds of grants offered up to $75,000 in matching funds for applied research projects between universities and companies. Starting with the program’s current round, its 10th, companies will have two grant options.
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Early-stage firms can apply for a $25,000 grant to support work on a proof of concept. Later stage companies can apply for $150,000 to help bring their concepts to the marketplace.
“Grants for Growth is an effective tool that drives new relationships between our region’s abundant academic research and businesses that can deliver new investment, new products, and new jobs to the marketplace,” CenterState CEO President Robert Simpson said in a news release. “We realize that not every company has the same needs and we are pleased to further enhance this program to better serve businesses at different stages of development.”
Companies can apply for Grants for Growth at www.thetechgarden.com. The deadline for the current round is Feb. 1.
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