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Grants for Growth Announces Round X Recipients
Date:  5/31/2013
ArticleType:  Press Release

Six Emerging Companies Awarded Nearly $400,000 in Grants
Senator DeFrancisco Supported Program Maximizes Regional Investment

CenterState CEO today announced six new recipients in the Grants for Growth program. A total of $398,680 was awarded in the program’s tenth round. When these grants are leveraged against private sector and university matching funds, this new investment in emerging regional companies will reach $936,240.

Grants for Growth is a unique CenterState CEO seed program that supports innovative applied research projects between universities and industry to improve business competitiveness and create jobs. In previous rounds, Grants for Growth offered up to $75,000 in matching funds for such projects. New this round, companies could apply for the award in one of two categories based on their growth stage: $25,000 Proof of Concept grants for early-stage companies, and $150,000 Concept to Marketplace investments for later-stage companies.

In this round, four recipients were selected from a pool of 27 competitive applications to receive the Proof of Concept grant, and two companies were selected from a field of 18 for Concept to Marketplace investments.

Grants for Growth is made possible with support from the New York State Senate. Senator John A. DeFrancisco has secured $5 million in funding for the program.

Click here to read the full release.