State Funding Available to Help Small Businesses with Growth & Improvement Projects

The Indiana Small Business Development Center opened the Indiana Technical Assistance Program through Feb. 15, 2021. This initiative connects small businesses with professional assistance to complete growth and improvement projects. 

Through the program, eligible small businesses may apply for up to $15,000 to complete projects that require specialized assistance or technical expertise such as app or technology development, intellectual property legal assistance and grant writing assistance for the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs. The program is administered by Ivy Tech Community College Bloomington’s Cook Center for Entrepreneurship, which houses the South Central Indiana SBDC regional office.

INTAP has assisted 60 businesses with completing projects since the program was launched in 2017. To be eligible for INTAP, Indiana small businesses must meet the following criteria:    

• Be or become an Indiana SBDC client,
• Be registered to do business in Indiana,
• Be able to complete the project within five months and before Dec. 31, 2021, and
• Be able to demonstrate a positive impact after completion, including but not limited to new job creation, increased production or sales, or new market expansion.

Indiana companies are encouraged to learn more about eligibility requirements and submit applications online.