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Funding Opportunities 

Tech Ideas & Development 

Entrepreneurial Funding

 Business Accelerator Fund

Design for Michigan Manufacturing Program

Target at Advanced Technology companies, BAF awards up to $50,000 (although most engagements are in the $7,000-$15,000 range) that can be used for a variety of specialized services to assist technology companies.  Companies in which R & D brings forth an innovative product or process. 

SBIR / STTR Grants (America's Seed Fund)

Phased federal grants used to fund research and development (R&D) with the potential for product commercialization.  Company must be for profit, U.S. owned/operated and under 500 people.  The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, also known as America's Seed Fund, are one of the largest sources of early-stage capital for technology commercialization in the United States. These programs enable US-owned and operated small businesses to conduct research and development that has a strong potential for commercialization.  The STTR program aims to foster technology transfer through cooperative R&D between small businesses and research institutions.  The US Small Business Administration serves as the coordinating agency for the SBIR program.  Learn more

Provides funding to eligible companies developing and launching hardware products in Michigan.  Grant program is administered by the LTU Centrepolis Accelerator.  Learn more 

Hustle and Muscle / Ongoing

DBusiness’ Hustle and Muscle is a free program that connects entrepreneurs seeking funding for innovative products or services with venture capital and private equity firms, family funds, angel groups, and more — all based in Michigan.  Learn more

Emerge Fund / Ongoing 

Available to for-profit small business entrepreneurs operating or starting their business in St. Clair County, Michigan.  The maximum grant request per applicant is $5,000. Actual funding issued will be based on overall business impact and potential milestones. All business sectors may apply. Currently accepting applications through March 22, 2024.   Closed until Fall 2024.  Last Funding Awarded April 2024.

MWF Microloan Fund

BBCetc Michigan Assistance Program

The Michigan SBIR/STTR Assistance Program helps qualified early-stage Michigan technology companies to be more competitive in this national proposal and award process. Through the program, BBC Entrepreneurial Training & Consulting (BBCetc) provides SBIR/STTR training and proposal development services throughout the state with most costs covered by the
BBCetc can assist clients in all aspects of SBIR/STTR proposal development, including:

• Developing an overall grant strategy
• Identifying appropriate solicitations
• Project planning
• Scientific and editorial review
• Assistance with proposal submission
• Assistance with details of post-submission administration

Learn more

Michigan Emerging Technologies Fund (ETF)

State grants that match SBIR/STTR federal grants, up to $25,000 for Phase I and $125,000 for Phase II.  The ETF Fund is designed to expand funding opportunities for Michigan-based companies in the federal innovation research and development arena. Learn more

Michigan Women Forward's Microloan fund provides entrepreneurs with access to capital in the form of microloans between $2,500 and $50,000.  Michigan Women Forward targets small businesses needing capital to spark initial business moves or drive new strategic change in their business. The purpose of the fund is to support the growth and development of Michigan entrepreneurs and businesses, with an emphasis on empowering women entrepreneurs and entrepreneurs of color.  Learn more 


EMSBN Small Business Grants

Small Business Grants ranging from $2,000-$20,000 will be awarded to startups and existing small businesses.  The majority of this funding will be geared to new businesses and most grants will fall in the $10,000 and under range.  More detail will be available soon.  This is a new funding opportunity for 2024.  

SBA Loans 

The U.S. Small Business Administration helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need.  SBA reduces risk and enables easier access to capital. SBA-guaranteed loans generally have rates and fees that are comparable to non-guaranteed loans with lower down payments and flexible overhead requirements. Loans for borrowers include:

Michigan Rise Pre-Seed Fund III

Fund helps companies achieve commercials and technical milestones that will position them for future scaleup through capital, talent, etc.  MR provides up to $250,0000 in funding through prices or convertible financial instruments.  The fund is aimed at competitive edge technologies in specific industry sectors. 
Learn more

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