Nebraska’s startup ecosystem continues to expand, thanks in part to state-backed programs aimed at fostering innovative ideas. A newly released 2024 Business Innovation Act (BIA) Impact Analysis reveals that, among the five major BIA initiatives, the Prototype Grant is notable for transforming early-stage concepts into market-ready ventures. Consequently, BIA-supported companies are generating over $1.17 billion in annual economic output and creating thousands of new jobs throughout the state.
The Business Innovation Act BIA was passed in 2011 as part of the Nebraska Talent and Innovation Initiative. It features five primary programs to help entrepreneurs refine their products, attract private investment and grow their businesses within the state. Those programs include the Nebraska Innovation Fund Prototype Grant, Small Business Innovation Research (SBIR)/Small Business Tech Transfer (STTR) Matching Grants, Nebraska Academic Research and Development Grants, the Nebraska Seed Investment Program and the Microenterprise Assistance Program.
Full story: $1.17 billion impact: New report shows Business Innovation Act paying off – Silicon Prairie News
