Alabama NewsCenter — Alabama Innovation Corp. unleashes grants to fuel growth of small businesses, tech sector

By Alabama NewsCenter Staff

The Alabama Innovation Corp. has launched a first wave of grants to support entrepreneurs and small business owners across the state, with the goal of helping them expand and advance Alabama’s innovation economy.

A total of 31 awards were presented to 30 winners who will share more than $4.5 million through the Innovate Alabama Supplemental Grant Program. The recipients are in six cities across the state.

The diverse group of entrepreneurs can use the grants to grow their businesses in Alabama in a variety of ways, from boosting their research or commercialization efforts, to refining their products or technologies, to hiring staff, according to a news release from Alabama Innovation Corp.

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