The City of Sacramento Office of Innovation and Economic Development is now accepting applications for grants to fund organizations that help start-up businesses and entrepreneurs in Sacramento
Donor Name: City of Sacramento
State: California
City: Sacramento
Type of Grant: Grant
Deadline: 09/09/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: 1 Year
Details:
Incubator and Accelerator Grants are focused on nurturing and supporting early-stage businesses with an end goal of the participants of the funded incubator and accelerator programs starting or growing their own business, spurring innovation, and stimulating economic development in the Sacramento region. Companies and non-profits are invited to apply to fund incubator and accelerator programs for a cohort of startups with high growth potential and innovative solutions. These programs should provide support through a combination of the following services:
- Mentorship and Coaching: Guidance from experienced entrepreneurs, industry experts, and mentors on business development, strategy, marketing, fundraising and more;
- Educational Programs: Training sessions or workshops on topics such as business planning, market research, product development, and financial management;
- Product Development Support: Assistance or guidance on prototyping, testing, iteration, and product refinement based on market research;
- Legal and Administrative Support: Assistance with legal, accounting, and administrative tasks such as business incorporation, intellectual property protection, and contracts;
- Marketing and Branding Support: Assistance in identifying and reaching target audiences and customers through marketing and public relations strategies;
- Strategic Partnerships: Connections with other startups, industry leaders, corporate entities, and business support organizations to expand access to resources and expertise;
- Access to Funding: Pitch training and hosting pitch events, demo days, and introductions to investors including venture capital firms, angel investors, and government grants; and
- Office Space: Access to shared office space for startups to work and collaborate.
Funding Information
- The City has allocated approximately $500,000 for this Incubator and Accelerator Grant solicitation. Grant requests may be for no more than $100,000.
- Proposed incubator or accelerator cohorts must be completed within a 12-month contract period.
Eligible Activities
Examples of what expenditures this grant may be used for include:
- Program development and delivery;
- Salaries for staff delivering programming;
- Stipends for volunteers and participants;
- Training supplies and equipment;
- Office space and co-working membership fees;
- Marketing and public relations for program recruitment;
- Food and non-alcoholic beverages provided to participants at the funded programs (costs cannot exceed 5% of the grant total);
- Scholarships for program participants;
- Software subscription fees; and
- Professional services
Eligibility Criteria
Applicants must meet the baseline requirements outlined below:
- Applicants must operate from a fixed place of business within the Sacramento city limits, except as follows:
- Applicants that do not operate from a fixed place of business within the city limits are eligible if grant-supported programming is provided within the city limits, and
- Applicants must be in compliance with current and past City grants.
For more information, visit City of Sacramento.
