State Funding to Help Small Businesses
(photo courtesy of SmartAsset)
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe Indiana Small Business Development Center has announced applications are open for the Indiana Technical Assistance Program through February 15. Through the statewide initiative, eligible small businesses may apply for up to $15,000 to complete projects that require specialized assistance or technical expertise.
The program, which is administered by Ivy Tech Community College Bloomington’s Cook Center for Entrepreneurship, would support projects such as app or technology development, intellectual property legal assistance and grant writing assistance for the Small Business Innovation Research and Small Business Technology Transfer programs.
“INTAP helps businesses grow and thrive, especially in underserved communities, by helping them complete critical company projects they might not otherwise be able to pursue,” said Indiana SBDC State Director David Watkins. “We’ve had clients utilize this program for a variety of professional assistance, everything from prototype development to business management systems. I strongly encourage small business owners to learn more about this program and see how it could help take their business to the next level.”
According to the center, INTAP has assisted 60 businesses with completing projects since the program was launched in 2017.
“This is an important program that fosters innovation and entrepreneurship leading to jobs and investment across the state of Indiana,” said Jennie Vaughan, chancellor of Ivy Tech Community College Bloomington. “As a leader in entrepreneurship education, we help build the skills necessary to launch and grow small businesses, and this program aligns perfectly with our mission to help communities innovate and support their workforce development needs.”
To be eligible, the following criteria must be met:
- Be or become an Indiana SBDC client
- Be registered to do business in Indiana
- Be able to complete the project within five months and before December 31, 2021
- Be able to demonstrate a positive impact after completion, including but not limited to new job creation, increased production or sales, or new market expansion
Indiana companies can learn more about eligibility requirements and submit applications online by clicking here.