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OpenState programOpen to for-profit businesses

Mississippi Seed Fund – Proof of Concept Grant

Innovate Mississippi (Mississippi Seed Fund; funding decisions by the Mississippi Seed Fund board)No deadline listed$10,000

Summary

Mississippi-domiciled small businesses (SBA size, max 500 employees) in high-tech/high-growth fields can receive a $10,000 reimbursement grant toward a $20,000 proof-of-concept project, with at least 25% cash match. Entry is through Innovate Mississippi's Entrepreneur's Survey; no deadline listed.

About this grant

The Mississippi Seed Fund provides early-stage funding for high-tech and high-growth firms in Mississippi; its Proof of Concept Grant awards $10,000 toward a $20,000 total project with no repayment required. Applicants must provide a minimum 25% cash match and up to 75% in-kind, and all awards are paid on a reimbursement basis only. Awards cannot be used for patents, company reorganization, payment of existing debt, or expenses before the award date. The page lists no deadline: companies start with the Entrepreneur's Survey, develop key documents with the Innovate team, and are invited to apply and pitch the Seed Fund board.

Who can apply

  • Small businesses
  • For-profit companies

Located in or relocated to and primarily domiciled in Mississippi

Classified as a small business under U.S. SBA standards (no more than 500 employees)

Minimum 25% cash match and up to 75% in-kind

Must report quarterly financials on jobs, revenue and other economic development data to Innovate Mississippi

Topics and uses of funds

Topics

  • Technology
  • Startups
  • Innovation

Money can be used for

  • Proof of concept
  • Product development
  • R&D

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