News Releases

March 06, 2019

ThinkVermont Innovation Grant Program Awardees Announced

Governor Phil Scott and the Agency of Commerce and Community Development today announced the awarding of ThinkVermont Innovation Grants. The grants support new business strategies that accelerate growth and support vibrant communities, while also serving as a model and roadmap for other businesses to follow.

Vermont small businesses with 20 or fewer employees were eligible. The initiative was proposed by the Scott Administration and passed by the Legislature in 2017, and appropriated $150,000 for the grants. In total, the program received 45 applications and funds were awarded to 16 projects.

"The initiative is designed to help us invest in local small business projects with grants that can be accessed more quickly and with fewer restrictions than traditional federal initiatives," said Governor Phil Scott. "It is telling to see such great interest in this program. Vermont has many small businesses looking to grow through new ideas and strategies, and I’m pleased we can support economic growth in this way."

The ThinkVermont Innovation Grant Program is designed to fund projects in areas that have been identified as crucial to the growth needs of Vermont's small businesses. Grants will support workforce training and recruitment, facility enhancements, broadband access, as well as help leverage federal funding, support growth in aerospace, aviation, or aviation technology, or provide technical assistance.

The 16 awardees are located throughout Vermont, including in Addison, Bennington, Chittenden, Orange, Orleans, Rutland, Washington and Windham counties.

"The diversity of these projects, both in intended goals and geography around the state speaks to their importance," said Agency of Commerce and Community Development Secretary Michael Schirling. "There is innovation in business happening in every corner of our state and all Vermonters can benefit from seeing its local business community grow."

Grant recipients are listed below:

Organization, Project Description

Benchmark Space Systems, Leverage NASA Phase (0) SBIR

Greensea Systems, Inc, Bridge gap between Phase I and II STTR for new biofouling technology

Packetized Energy, Product development leveraging STTR funding

CVFiber, Broadband feasibility study

Newbury REDInet, Broadband planning

The Makery, Maker space enhancement

The Work Commons, Enhancement of co-working space

Catamount Connections, Program to help women re-enter the workforce after having children

Center for Women & Enterprise, Entrepreneurship training for 36 people

Generator, Advanced manufacturing / Prototyping training outside Chittenden county

LaunchVT, Develop state-wide professional peer network for mid-stage startup support

The Mint, Entrepreneurship program for 6 makers

VBSR, Online tool kit for small business benefits

Windham Grows, Technical assistance to food companies

VT Chamber, Expansion of Manufactured in Vermont Trade Show

VT Talent Connection Program, Recruitment

Media Contact: Nate Formalarie, Communications Director, Agency of Commerce and Community Development, 802-522-7323, nate.formalarie@vermont.gov

Source: Office of the Governor
Last Updated at: March 06, 2019 15:22:16