Business Innovation Act

Date: Thursday, September 16, 2021
Time: 1:00pm – 2:00pm
Presenter: Ben Williamson of Invest Nebraska
Location: Hybrid

The Business Innovation Act was passed by the State Legislature and signed by the governor in 2011 as part of the Nebraska Talent and Innovation Initiative. It is designed to promote entrepreneurship and support the growth of Nebraska businesses and industries, by helping firms gain access to capital during the early stages of their development.

Five subprograms authorized under the BIA are available for grant seekers. These can help early stage companies become investor-ready; commercialize their new products and/or services; compete for federal grants; or develop prototypes of their new ideas — among other forms of assistance.

Business Innovation Act Subprograms:

• The Microenterprise Loan and Technical Assistance Program
• The Nebraska Seed Investment (Commercialization) Program
• The Nebraska Academic Research and Development Grant
• The Nebraska Small Business Innovation Research/Small Business Tech Transfer (SBIR/STTR) Grant Program
• The Nebraska Innovation Fund Prototype Grant Program

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