In Coal Production
Business Council accepting startup grant applications
Thursday, November 08, 2018
The Wyoming Business Council launched applications this week for two new grant programs aimed at helping startups in Wyoming thrive.
The programs are an outcome of economic diversification legislation passed in the 2018 Wyoming legislature, one of several bills proposed based on recommendations of the ENDOW (Economically Needed Diversification Opportunities for Wyoming) executive council. They aim to build Wyoming’s entrepreneurial ecosystem and achieve goals established in ENDOW’s 20-year diversification plan, specifically:
- For $1 billion in follow-on private venture funding to be invested in Wyoming-based startups
- To create 5,000 new jobs in Wyoming-based startups
- To originate more than 1,000 businesses in Wyoming accelerators, incubators, co-working spaces or maker spaces with a 75 percent in-state retention rate
- To close venture capital deals at a rate of 15 or more per year
The first program is Kickstart: Wyoming, which provides $5,000-$50,000 grants to Wyoming startups with less than 50 employees who have committed to maintaining a meaningful nexus to Wyoming.
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