Ideadvance Seed Fund encourages small businesses looking to solve problems in new ways and diversify into new markets to apply this spring.
This is the 11th round of money and mentorship available to UW System alumni, students, faculty and staff.
Especially in demand are applications from food technology, agriculture technology and agriculture manufacturing.
The Ideadvance program fosters teams that want to advance a scalable, profitable business model. Grant dollars are earned after demonstrating key learnings toward commercialization goals. Awardees are supported by a teaching team, mentors and the program manager as they work through the Ideadvance Lean Startup program.
Last year’s awards went to a range of ideas, from an all-natural solution to pet aggression and anxiety to an Uber-like marketplace for remote notarization.
The deadline to apply is April 17. Diverse teams from all parts of Wisconsin are invited to connect early with New Idea Concierge Idella Yamben (uwideadvance@uwex.edu or 608-263-3315) to take advantage of resources that can guide them through the application process. An introductory YouTube video is also available.
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