The Business Assistance Fund


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Financial Support for Businesses and Technical Innovation

Man operating cutting machine in manufacturing environment.

NRRI can help you bring your idea to market faster, with less risk and at a lower cost.

The Business Assistance Fund provides financial assistance to businesses and entrepreneurs to:

  • provide access to NRRI expertise, labs and technologies.
  • drive business development to creat jobs and a strong economy.

Current Funders and Available Opportunities

  • USDA's State Wood Innovation Team Grant: This is a limited funding opportunity for innovations in the forest products industry. It supports small businesses to develop ideas that will increase the use of low value wood in areas of high wildfire risk, reducing the cost of forest management. 
  • Blandin Foundation: NRRI received funds from The Blandin Foundation to support businesses and entrepreneurs in Itasca County and communities of  Hill City, Remer, Blackduck, and Northome. We partner with Itasca Economic Development Corporation (IEDC) to provided technical, R&D, business, and financial expertise to the businesses. 

Process

Applicants will be led through a 4-step process. To start, complete the short, online application form here. We are committed to responding to your inquiry with 48 hours.

Four circular arrows to illustrate the grant process.

Requirements

  • Meet criteria of the individual funders.
  • Technology must be wholly owned by the company with rights to operate.
  • Company must follow University of Minnesota's Intellectual Property and Grant of Rights.

Criteria

  • Project must be within the skillsets of NRRI.
  • Initiator must be able to provide in-kind and cash match contributions.
  • Documentation of positive foreseen impacts of the project for the business.
  • Provide a reasonable scope for delivery and commercialization.

For more information about this funding possibility contact Shima Hosseinpour, 218-788-2626 or shhoss@d.umn.edu.