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Main Street Ventures’ Funding Programs – US

Main Street Ventures’ Funding Programs – US

Deadline: 30 October 2023

The Main Street Ventures’ funding programs are supporting local entrepreneurs in the idea/prototype and revenue stages with equity-free business start-up funding, rather than traditional investments.

This no-strings attached funding model supports:

  • Bold Ideas: Grants allow founders to take bold ideas to the next level without investor limits.
  • Inclusion: Supporting good ideas across all spaces encourages innovation in the community.
  • Growth: Accessible, debt-free funding creates opportunities for other financial support.

Programs

  • Launch Funding
    • Launch Funding provides emerging, pre-revenue businesses that have a Prototype or Product (showing clear evidence of direct customer engagement validating the business model and product) with $5,000 – $10,000 of equity free funding to continue development and prepare for market entry.
  • Leap Funding
    • Leap Funding provides promising, revenue-generating businesses with $10,000 – $30,000 of equity-free funding to scale their community impact and increase the odds of long-term survival. Funding is awarded to businesses that demonstrate the potential to continue to create jobs and opportunities in the Greater Cincinnati Region.

Eligibility & Requirements

  • Business Type
    • Applicant must be a business entity (C-Corp, S-Corp, or LLC) with a Federal Tax ID (EIN).
      • At this time, they allow applications from all industries​.
  • Business Location
    • Business Entity must be located in the Greater Cincinnati region (Hamilton, Butler, Clermont and Warren counties in Ohio; Boone, Campbell, and Kenton counties in Kentucky; and Dearborn County in Indiana). Grant requests from other regions will NOT be considered.
  • Application Responses
    • Businesses must show customer demand and strong progression since the founding.
    • Funding requests must focus on specific growth projects. MSV defines a growth project as a step that will help accelerate your business growth.
      • MSV Grant Funding is designed to help businesses scale by covering key Direct Costs, not General Operating Expenses.
        • Examples of Direct Expenses that ARE suitable for Grant Funds: Key pieces of equipment, Packaging Support, Technology Product Development, etc.
        • Examples of General Operating Expenses that are not suitable for Grant Funds: Existing Payroll, Rent, Insurance, Marketing, Legal Fees, etc.
    • Businesses must explain the impact of Grant Funds on the business OR the Cincinnati Region.
  • Special Consideration will be granted to:
    • Women and Minority-Owned businesses
    • Businesses that can show matching funds from other sources.

For more information, visit Main Street Ventures.

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