GTM grants focus on helping Utah’s high potential technology companies perform customer and product validation activities before initiating equity fundraising or sales efforts. GTM grants will typically be awarded in tranches, with a first tranche of $5,000 to $10,000 followed by a possible second tranche of $15,000 to $20,000 for companies that produce meaningful results with their first GTM award.
The GTM grant program will be independently administered on a regional basis through USTAR’s economic development teams at Dixie State University (DSU), Utah Valley University (UVU), and Weber State University (WSU). Those wishing to apply for a GTM grant must first apply for and complete a rigorous “Nail It Then Scale It” training program offered by USTAR’s economic development teams at each of these three institutions. After successful completion of the training program, companies will become eligible to apply for a GTM grant.
Regardless of where the company is located, any Utah-based company may apply for a GTM grant through DSU, UVU or WSU – provided the company and its technology being developed are a good match with USTAR’s regional economic development goals and objectives as described here:
DSU is focused on pre-revenue, high potential startups developing new high tech manufacturing, IT hardware, software and energy technologies. Existing businesses developing new technologies may also apply.
UVU is focused on pre-revenue, high potential startups developing new High Tech Manufacturing, IT Hardware, and Software technologies.
WSU is focused on job creation and new revenue creation within a 6 – 12 month time frame. Successful applicants will have an intact leadership team, a prototype, customer validation, sales and marketing channels, and will include Weber State resources in at least one of their milestones.
Applications are handled by each region, for information on timelines contact your regional office.