The Physical Infrastructure Grant Program seeks to ensure entrepreneurs throughout the state have access to the physical infrastructure and resources required to launch and grow their businesses.
Donor Name: Missouri Technology Corporation
State: Missouri
County: All Counties
Type of Grant: Grant
Deadline: 04/16/2024
Size of the Grant: $100,000 to $500,000
Grant Duration: 2 Years
Details:
The objective of the Physical Infrastructure Grant Program is to provide state funding to support the following physical infrastructure needs within the state:
- flexible and below-market-rate commercial office space, including co-working spaces, private offices, meeting rooms, and access to high-speed internet, in regions where entrepreneurs lack access to these resources;
- specialized or sector-specific services, facilities, and other infrastructure, including but not limited to wet lab space or greenhouses to be used by the state’s emerging biotech and agtech companies, that would otherwise be unavailable in an area/region; and
- infrastructure that is broadly recognized as a center for entrepreneurship for the community/region, helping elevate the role of innovation and entrepreneurship in the economy.
Eligible Proposal Types
Applicant Organizations should submit proposals that align with the Catalyzing Innovation Report, which includes funding for the following eligible expenditures:
- operating expenses, including but not limited to rent and utilities, professional services, and management and administrative salaries that are directly related to the operation of the physical infrastructure (i.e. not related to programmatic expenses);
- renovation of space, tenant improvements, or enhanced amenities (high-speed internet, upgrading shared-use technologies, etc.); and
- the purchase or repair of shared-use equipment or resources.
Funding Information
Physical Infrastructure Grant funding will be limited to the lesser of (a) $200,000 or (b) 25% of the Applicant Organization’s average annual operating expenses per year of funding requested. Grant proposals can be requested with respect to one-, two-, or three-year operational plans. The grant period commences on September 1, 2024. Accordingly, a one-year grant will terminate on August 31, 2025. A two-year grant will terminate on August 31, 2026. A three-year grant will terminate on August 31, 2027.
Eligibility Criteria
All Applicant Organizations must either own or actively manage the physical infrastructure that is the subject of the Physical Infrastructure Grant Program. If the Applicant Organization does not directly (i.e., not through an affiliate) own the physical infrastructure, the Applicant Organization must identify the legal owner and the relationship, if any, of the legal owner to the Applicant Organization.
- Public or private non-profit Missouri research institutions, including institutions of higher education; and
- Non-profit entrepreneurial support or related organizations.
For more information, visit Missouri Technology Corporation.
