The Innovation Fund of the Lorain County Community College Foundation, established in 2007, is a regional fund focused on supporting technology-based entrepreneurial endeavors and emerging technology-based businesses.

The purpose of the Innovation Fund is to make grants to technology business “start-ups” (”B Grants”), while at the same time supporting an entrepreneurial educational opportunity for students, faculty or staff of Lorain County Community College or its University Partnership institutions across the region. In addition, the Innovation Fund will make a limited number of grant awards to validate technology concepts (”A Grants”).

Innovation Fund awards are available to technology-based businesses that are headquartered in Northeast Ohio, and to entrepreneurs who reside in the Northeast Ohio area and whose business concept involves innovative or cutting-edge technologies or new applications for existing technologies.

The application process that you are about to undertake involves three steps:

• Applicant Information
• Qualifications Form
• Business Opportunity and Use of Funds

Applications to the Fund are accepted during funding cycles periodically throughout the year. The number of qualified applications will be capped at 100 applications for each cycle.

The Innovation Fund grant application and review process involves the following steps:

• Application Submittal
• Staff Review of Application
• Qualified Applicants Meet with Screening Team
• Awards by Innovation Fund Committee

For more information, detailed supporting documents or to submit an application, please go to the Innovation Fund About page on the LCCC website.