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The Sacramento Innovation Grant Program (previously RAILS Grant Program) offers up to $1 million in various grants for multiple funding opportunities from the City’s Innovation and Growth Fund. This annual funding supports the development of Sacramento’s entrepreneurial and innovation ecosystem through “startup enablers” – community-based initiatives and programs that help entrepreneurs take their startup from initial idea to viable company. Grants are available for two distinct opportunities at up to $15,000 for Innovation Event Grants and ranging from $20,000 to $250,000 for Ecosystem Building Grants.
These grants are designed to achieve the following objectives:
Awardees will be announced soon
Innovation Event Grants Innovation Event Grants of up to $15,000 can be used to fund a one-time or a series of events focused on fostering knowledge and ideas that inspire entrepreneurship and the growth of innovative businesses and programs. Example events could include: Regularly scheduled meetups to connect entrepreneurs, investors, and industry experts; Startup weekends gathering entrepreneurs to kick-start new companies; and Business pitch competitions where startups present their companies and business models for funding and promotion.
Ecosystem Building Grants are designed to catalyze innovation in the startup community and build pipelines for entrepreneurs into key industry verticals. Grant funding can be used for projects that include:
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