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Business Innovation Grant Program

Business Innovation Grant Program 2025

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The City of Galesburg has launched a Business Innovation Grant (B.I.G.) Program aimed at fostering local economic growth by providing up to $10,000 or 50% of project costs to entrepreneurs and small businesses for innovative projects. The program seeks to support new business start-ups and expansions that target emerging markets. Applicants must meet specific eligibility criteria, submit detailed project documentation, and demonstrate the potential impact on the local economy. The application process is competitive, with evaluations based on project viability and growth potential.

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Click ‘Get Form’ to open the Business Innovation Grant Program application in our editor.
Begin with Section 1, where you will enter your Applicant Information. Fill in your name, title, business name, address, phone number, fax number, and email.
Proceed to Section 2 for Business Information. Indicate whether you are a new or existing business and provide a brief description of your business along with the number of existing jobs.
In Section 3, detail your Project Information. Specify the total project cost and grant funds requested. Ensure to check off all supporting documents you are submitting.
Complete Section 4 by signing and dating the application to certify that all information is accurate.

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Are small business grants a real thing?

CalOSBA administers grant programs for small businesses, non-profits, and eligible community organizations that support and promote entrepreneurship. CalOSBA-administered programs can also be located through the California Grants Portal.

What is the small business innovation grant?

The Small Business Innovation Grant (SBIG) is a competitive funding program designed to empower Small and Medium Enterprises (SMEs) in accelerating the development and commercialization of innovative technologies, products, and processes.

Who qualifies for an SBIR grant?

To receive an SBIR or STTR award, the proposer must qualify as a Small Business Concern (SBC), as defined by 13 C.F.R. 701-705, at time of award. Eligible SBCs must meet the following criteria: Organized for profit, with a place of business located in the United States.

Can I get a free grant to start a business?

There are no federal grants for starting a business. But small business owners can get money in different ways. This includes using personal funds, finding investors, or taking out loans.

Is it worth applying for an SBIR?

Not to harp on it too much, but we recommend only pursuing SBIRs that align with your companys long term strategic goals. Focus on topics where you can see the commercialization benefit and would be willing to invest in that opportunity after the SBIR investment helped advance the technology.

How does a small business grant work?

These grants are offered by government, nonprofit, and corporate sources, among others. Often, applications can be rigorous and time-intensive, but the payoff can range from thousands to millions. Furthermore, grants often do not have to be repaid.

Business Innovation Grant Program 2025

Here's how it works