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Innovation Grant Competition
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SEGA through its Accelerate CA Hub designation has launched an Innovation Grant competition to elevate our region’s priority innovation clusters AgriFoodTech, Health & Life Sciences, and CleanTech/ZEV.
We are allocating a $50,000 non-dilutive award per innovation cluster - $150,000 in total across the region.
The Process:
• Apply through this application form
• A panel of industry experts will review and select 8 to 12 companies per industry cluster
• Engage in a 10-week-long investment readiness program
(Virtual on Wednesdays from 3 to 5 pm: July 23rd through Sept. 24th)
• Pitch on Sept. 24th with 3 to 5 companies per industry selected as finalists for due diligence
• Innovation Competition Pitch Day - Compete for $50,000 per cluster (Tentative middle October to November)
Basic Requirements:
• Be located in the 8-county Capital Region (
https://www.weprospertogether.org/about-us/
)
• Be building an innovation in one of the three innovation clusters listed above
• Pre-commercialization (Grant activity will be used to advance further product development, research and development, creation of MVP)