Main Street Ventures Launch Funding Program

Main Street Ventures offers Launch Funding to emerging, pre-revenue businesses that have a prototype or product. This grant program aims to support the growth and scaling of businesses within the Greater Cincinnati region, aligning with the foundation's mission to foster economic development and innovation in the area. The funding is specifically designed to cover key direct costs associated with growth projects, rather than general operating expenses, reflecting a strategic priority to provide tangible support for business acceleration. The primary target beneficiaries are business entities (C-Corp, S-Corp, or LLC) with a Federal Tax ID (EIN) located in the Greater Cincinnati region, which includes specific counties in Ohio, Kentucky, and Indiana. Businesses must demonstrate customer demand and strong progression since their founding. The program focuses on specific growth projects that will accelerate business growth, with examples of suitable direct expenses including key equipment, packaging support, and technology product development. This targeted approach ensures that the grant funds directly contribute to measurable business expansion. Special consideration is given to women and minority-owned businesses, as well as businesses that can show matching funds from other sources. This reflects the foundation's strategic priorities to promote inclusivity and leverage additional investment, thereby maximizing the overall impact on the regional economy. The expected outcomes include the scaling of businesses, job creation, and increased economic vitality within the Greater Cincinnati region, with successful applicants demonstrating a clear impact of the grant funds on their business or the region. The Main Street Ventures' theory of change is rooted in providing early-stage, direct financial assistance to promising businesses to help them overcome critical growth hurdles. By focusing on direct costs and specific growth projects, the program aims to create a ripple effect, enabling these businesses to achieve significant milestones that would otherwise be out of reach. The emphasis on local businesses and underrepresented founders further amplifies the foundation's commitment to building a robust and equitable entrepreneurial ecosystem in the Greater Cincinnati area. The grant duration of three years allows for sustained support and monitoring of the businesses' progress.