Summary:
WEDC awarded nearly $1.3 million in grants to support entrepreneurs.
Grants aim to foster training, financing, mentorship, and technical support for startups.
Eight organizations received funding, including Doyenne Group and BizStarts Milwaukee.
Wisconsin's Investment in Entrepreneurship
The Wisconsin Economic Development Corporation (WEDC) has awarded nearly $1.3 million in Entrepreneurship Partner Grants to eight organizations dedicated to supporting entrepreneurs across the state.
Missy Hughes, the secretary and CEO of WEDC, emphasized the importance of entrepreneurs in driving Wisconsin’s economy forward, stating, "Entrepreneurs play a vital role in driving Wisconsin’s economy forward. With the help of our partners, entrepreneurs will be able to bring new ideas and businesses to life."
Purpose of the Grants
Established in 2021, these grants aim to assist organizations that provide vital resources such as training, financing, mentorship, and technical support to startups.
Recipients of the Grants
The following organizations were awarded grants in this funding round:
- Doyenne Group, Madison - $98,000
- UWM Lubar Entrepreneurship Center, Milwaukee - $97,000
- BizStarts Milwaukee, Inc., Milwaukee - $200,000
- StartingBlock Madison, Inc., Madison - $200,000
- Food Finance Institute, Madison - $190,900
- Rock County Jumpstart, Beloit - $200,000
- Urban League of Greater Madison, Inc., Madison - $100,000
- FOR-M Foundation, Inc., Milwaukee - $200,000
These grants represent a significant investment in the future of entrepreneurship in Wisconsin, aiming to nurture innovation and support the state's startup ecosystem.
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