$500,000 in grants now available to fund programs supporting Sacramento start-up businesses and entrepreneurs

The City of Sacramento Office of Innovation and Economic Development is now accepting applications for grants to fund organizations that help start-up businesses and entrepreneurs in Sacramento.

The "Innovation Incubator and Accelerator Grants" are focused on supporting early-stage businesses located in the city of Sacramento. The goal is to help participants start or grow their own businesses, spur innovation, and stimulate economic development.

Companies and nonprofit organizations with proven experience are encouraged to apply now through Sept. 9.

"Incubator and accelerator programs are critical to building a robust entrepreneurial ecosystem in Sacramento and the region," said Mayor Darrell Steinberg. "By investing in these programs, the City of Sacramento is helping connect startups located in the city with the resources they need to grow and succeed."

"Sacramento is full of entrepreneurs and small businesses with innovative ideas looking for opportunities to make them a reality," said Assistant City Manager Michael Jasso. "The grants will support incubators and accelerators that provide essential mentorship, education, and resources, fostering innovation and driving economic growth in our community."

Companies and nonprofits can apply for up to $100,000 to fund incubator and accelerator programs hosted in the city of Sacramento for groups of startups with high growth potential and innovative offerings. These programs should provide support through a combination of the following services:

• Mentorship and coaching:Guidance from experienced entrepreneurs, industry experts, and mentors on business development, strategy, marketing, fundraising, and more.
• Educational programs:Training sessions or workshops on topics such as business planning, market research, product development, and financial management.
• Product development support:Assistance or guidance on prototyping, testing, iteration, and product refinement based on market research.
• Legal and administrative support:Assistance with legal, accounting, and administrative tasks such as business incorporation, intellectual property protection, and contracts.
• Marketing and branding support:Assistance in identifying and reaching target audiences and customers through marketing and public relations strategies.
• Strategic partnerships:Connections with other startups, industry leaders, corporate entities, and business support organizations to expand access to resources and expertise.
• Access to funding:Pitch training and hosting pitch events, demo days, and introductions to investors including venture capital firms, angel investors, and government grants.
• Office space:Access to shared office space for startups to work and collaborate.

Grant funding comes from the Innovation Growth Fund in the General Fund.

Programs must be completed within a 12-month contract period, and at least 90% of cohort participants must have either a residence or business within the Sacramento city limits.

Complete guidelines for the program can be found on the City's websiteand applications will be accepted now through 5 p.m. on Monday, Sept. 9.

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