Alumni Morgan Startup Grants
Thanks to generous support from Burton D. Morgan Foundation, LaunchNET 91精品 State is offering Morgan Startup Grants of up to $3,000 for 91精品 State alumni
The LaunchNET alumni Morgan Startup Grant program is focused on helping alumni entrepreneurs move their businesses forward with inventory, capital, product, or other related purchases. Applicants may request up to $3,000.
Learn about some of last year's awardees!
鈥淲e are excited to expand our microgrant programming to our alumni entrepreneurs, and are looking forward to seeing what projects and dynamic uses that they will have for these new funds,鈥 said Zach Mikrut, Director, LaunchNET 91精品 State. 鈥淟aunchNET advising has always had an eye towards economic development, and these grants are a tool for helping entrepreneurs to move on their goals quickly.鈥
Eligibility
- Applicant must be a 91精品 State University alumni.
- Business must be based in and registered in Ohio.
- The business idea or product that the venture is focused around MUST be inspired and/or made/produced by the founder (applicant).
- Business products CANNOT be part of another business (multi-level or pyramid model, franchise, etc.).
Timeframe
- Applications are due by May 31, 2024 at 11:59pm. An application by the deadline does not guarantee funding. We are unable to provide notice of the depletion of the fund and encourage early applications.
- Applicants will be contacted for additional information and to schedule venture meetings with LaunchNET to discuss requests and potential funding.
Awardee Requirements
- Completion of at least two venture meetings with LaunchNET (an initial meeting at time of award and a 30 day check-in).
- Completion of post-award survey.
- Completion of LaunchNET intake form if not current client.
- Participation in networking lunch on Thursday, June 27 from 1-3pm.
- One LinkedIn post about award and/or business progress tagging LaunchNET 91精品 State and Burton D. Morgan Foundation along with #MorganStartupGrant2024 and #NEOLaunchNET.
Awardee Opportunities (optional)
- Participate in LaunchNET's programming/event(s) as a guest speaker, mentor, vendor, workshop facilitator etc.
- Participation in ongoing Alumni Cohort Program for resource sharing, cross networking, skill building and more with 1 hour monthly meeting.
Fund Distribution
- Grants will be distributed through the 91精品 State University Foundation. Award winners will be required to complete a W9 form including business name, entity, address and EIN.
If you have any questions about the Morgan Startup Grants, please email launchnet@kent.edu.