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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 encourages new business creation and expansion into untapped markets. Applicants must meet specific eligibility criteria, submit detailed project proposals including budgets and work plans, and demonstrate potential economic impact. 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 the editor.
Begin with Section 1, 'Applicant Information.' Fill in your name, title, business name, and contact details accurately.
Move to Section 2, 'Business Information.' Indicate whether you are a new or existing business and provide a brief description along with the number of jobs created or retained.
In Section 3, 'Project Information,' specify the total project cost and grant funds requested. Ensure all required supporting documents are checked off.
Complete Section 4 by signing and dating the application. This certifies that all information provided is true and correct.

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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.

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.

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.

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.

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.

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.

Business Innovation Grant Program 2025

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