GrantExec

New Dairy Processor Start-up Grant Program

$75,000
Closed
CT, DE, ME, MD, MA, NH, NJ, NY, PA, RI, VT
Grant Description

The Northeast Dairy Business Innovation Center (NE-DBIC) is offering the New Dairy Processor Start-up Grant program to support new dairy processing projects across the Northeast. The core mission of this program is to foster competitive dairy processing businesses with long-term viability. This aligns with a broader strategic objective of strengthening the regional dairy industry by enabling operations of all sizes to successfully launch and sustain their products in the marketplace. By focusing on start-up operations and tangible implementation, the NE-DBIC aims to facilitate direct economic impact and product innovation within the dairy sector. The program targets several key beneficiaries, including dairy farmers ready to begin processing, value-added entrepreneurs with proven experience in dairy processing or business startups, and dairy processors established after January 1, 2023, who are in their start-up phase. The impact goals are centered on developing these businesses, supporting their entry into the market, and ultimately contributing to the economic vitality of the Northeast dairy industry. By providing financial assistance for start-up operations, the program seeks to create new opportunities for dairy-related businesses and products. The program's priorities and focuses are clearly on tangible implementation rather than earlier stages like research and development, concept development, or initial planning. This indicates a strategic emphasis on getting products to market and establishing sustainable business models. Eligibility criteria further refine this focus, requiring applicants to be headquartered or based in the Northeast, demonstrate proof of concept, have a robust business plan, obtain necessary licenses, and show commitment from buyers or distributors by the end of the grant period. Expected outcomes include the successful launch of new value-added dairy products, the establishment of competitive and viable dairy processing businesses, and increased market access for Northeast dairy products. Measurable results would likely include the number of new businesses launched, the volume of new products brought to market, and the economic growth generated within the participating dairy sectors. The NE-DBIC's strategic priorities, as evidenced by this grant, involve direct investment in the operational start-up phase, aiming for a theory of change where targeted financial support leads to the successful commercialization and long-term sustainability of dairy processing ventures in the region.

Funding Details

Award Range

$15,000 - $75,000

Total Program Funding

$500,000

Number of Awards

Not specified

Matching Requirement

Yes - 25% (cash or in-kind) match commitment required

Eligibility

Eligible Applicants

Small businesses
Individuals
For profit organizations other than small businesses

Additional Requirements

Grants are available to applicants in all Northeast states: Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. To be eligible for this grant, applicants must fall into at least one of the following categories: Dairy farmer (producer) that: produces milk within the Northeast; and is a licensed dairy operation in compliance with all required state and/federal standards Value-added business entrepreneur that meets the following requirements: Sources milk or dairy components from within the Northeast and has evidence of a committed partnership with a farm or processor for sourcing these components Has a business entity prior to applying Can demonstrate experience in dairy processing and/or related value-added business startup, including any relevant work experience, business ventures, products developed, and products brought to market Dairy processor established after January 1, 2023 that: Has a business entity and milk processing license prior to applying Sources milk or dairy components from within the Northeast and has evidence of a committed partnership with a farm or processor for sourcing these components Is in the start-up phase of business operations All applicants must also: Be headquartered or based in the Northeast Provide a Proof of Concept demonstrating the viability of the business idea and product Have a plan for new value-added dairy processing that includes market research, financial projections, a branding and marketing strategy, and a facility location

Geographic Eligibility

All

Key Dates

Application Opens

August 7, 2024

Application Closes

September 5, 2024

Contact Information

Grantor

Ali Boochever

Phone

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