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Federal Funding

Many different funding grant opportunities for innovation research and business technology. Read and learn more about this opportunity to fund your business/project.

Since 2006, the NASE has awarded nearly $1,000,000 to members through the Growth Grants program by providing small business grants. Grants can be used for marketing, advertising, hiring employees, expanding facilities and other specific business needs.

This grant ensures founders here in Illinois to have ample access to funding locally. Since 2016, they have invested more than $650 million. Invested in over 50 Illinois funds that have helped cultivate over $57 billion of investment in Illinois companies.

Grant for small businesses in rural areas Conditions: Need 50 or fewer new employees. Less than $1 million in gross revenue. No maximum amount for grant potential.

Grant for small businesses in rural areas Conditions: Need 50 or fewer new employees. Less than $1 million in gross revenue. No maximum amount for grant potential.

The Small Business Innovation Research Program (SBIR) is a highly-competitive program that encourages small business to explore their technological potential and provides the incentive to profit from its commercialization.

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