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Marketing Mini-Grants from New Ventures Maine – Deadline to Apply

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05/04/18
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Could your small business use a marketing boost? New Ventures Maine invites local businesses and entrepreneurs to apply for marketing mini-grants of up to $500.

New Ventures Maine logoDeadline to apply for Spring 2018 is 11:59 pm on Friday, May 4.

Apply now:

The Midcoast mini-grant application is open to businesses located in the town of Brunswick and Harpswell and Sagadahoc, Lincoln, Knox and Waldo Counties. The Mini-Grant Pitch Contest will be held on Tuesday May 8, 2018, between 10:00 am and 1:00 pm at New Ventures Maine, 12 Sewall Street, Orion Hall, Room 101, Brunswick Landing. When your mini-grant application is received, you will be notified of your pitch time and next steps. Pitchers will be allotted 10 minutes, including question and answers.

Background: New Ventures Maine (NVME)’s marketing mini-grant program aims to strengthen access to markets for micro-businesses by supporting the development of marketing tools, materials, and activities. Under the program NVME awards cash mini-grants (up to $500 each) to micro-enterprises for marketing projects via one of two competitive processes.

Eligibility: Eligible applicants include individual micro business owners, business partners, or groups of business owners. Non-profit organizations are not eligible. Businesses must apply to the region in which they are based. Additional criteria: 5 or fewer full-time equivalent employees, and gross annual sales of $250,000 or less.

Use of funds: New Ventures Maine’s mini-grants support new or expanded business marketing and promotion, not the production of your product or purchase of equipment, tools, furnishings, or other fixed assets.  Professional licensure for the owner or employees and/or membership fees will not be funded.

Business Match: Your winning grant must be matched by a 25% contribution (i.e. $125 match required for $500 grant).  Matching funds can come from business profits, personal funds, or other sources.

Applications for the Midcoast mini-grant pitch contest will be judged on the following criteria:
• Clarity of presentation- Are you able to clearly communicate the details of your project and how it fits into your overall marketing goals? What are your goals for your proposed project and why is it important?
• Specificity of project- What specific tasks will you accomplish in your marketing project? What is your timeline for completing your project? Clearly delineate the expenses of your project and how the grant funds will be utilized. Price quotes are encouraged.
• Benefit & impact on the business- How will this grant benefit and impact your business? Will it strengthen your brand? Extend your business connections? Help you reach new markets? How much increased revenue would this project allow?

If you have any questions, please contact Jenn Dobransky at jenn.dobransky@maine.edu or 386-1664.

Apply now to present your business pitch:

Marketing Mini-Grants: Spring 2018

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