The Minnesota Department of Employment and Economic Development (DEED) awarded the Minnesota Inventors Congress (MIC) a $170,000 grant to help fund its next two years.
The Minnesota Department of Employment and Economic Development (DEED) awarded two-year grants totaling $2.8 million to 11 nonprofit groups that provide services and technical assistance to emerging businesses and entrepreneurs in Minnesota.
Among those receiving funding was the Minnesota Inventors Congress (MIC), which was awarded a $170,000 grant.
The funding, which was approved during the 2013 legislative session, goes to groups that provide business assistance to targeted groups, including women, minorities, rural residents, bioscience startups, entrepreneurs and inventors.
“These service providers help businesses start and survive during the early stages of their development,” said Katie Clark Sieben, DEED commissioner. “Their services and programs are good for business and good for Minnesota.”