The McAllen Chamber of Commerce Innovation Grant Awards is an outstanding opportunity to encourage product innovation and business creation in the McAllen area. Past winners have been able to take their idea from the drawing board to the marketplace thanks to the support of this grant. The McAllen Chamber provides $50,000 of grant funding to innovators each year that allows these pioneers to advance their groundbreaking ideas towards reality. The McAllen Innovation Grant Awards is a competition, and awards will be given on the basis of being potentially viable ideas and to the best presentations.
An applicant may request up to $10,000 to establish, expand, develop or advance a new product/service idea. The new idea should have the potential to bring in new money into the local economy. Grants may be used for any of the following:
1) new product evaluation
2) assessment of commercial potential
3) primary or secondary research
4) product development
5) performance proofing or testing
6) test marketing
7) patent research
8) intellectual property rights procurement
9) concept development
10) other activities deemed appropriate by the review committee
The McAllen Innovation Grant Awards is a grant, not a loan, and it does not have to be paid back. The McAllen Chamber will advance the funds as progress dictates. Application guidelines for the grant are currently open. The application deadline is May 6th, 2021.
For questions about the grant, please contact Jorge Sanchez at 956-682-2871 or email: firstname.lastname@example.org.