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Tech Sprout provides small amounts of funding to help early stage entrepreneurs turn high-tech ideas into viable businesses. The fund is administered by Mansfield’s Braintree Business Development Center, and is designed to help move ideas toward commercialization.
These micro grant awards provide resources to help startups validate their technology and develop their business model. Awards can be used for a variety of purposes, including prototyping, patents, testing, and hiring outside experts. Applicants work with mentors to develop or refine their business model before presenting at a funding event.
Tech Sprout uses competitive funding rounds to determine grantees. Braintree tenant companies can receive up to $12,000.
"We recognize this isn’t a lot of money, but we believe it can help a company build a prototype or test product. This could prepare a startup company for larger funding opportunities going forward," according to Bob Cohen, CEO.
For more information, call 419.525.1614