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Libra Future Fund (LFF) Grant

Grants to Maine Business Owners for Entrepreneurial
Projects that Promote Economic Growth

GrantWatch ID#: 175922
Agency Type:

Foundation / Corporation

Libra Future Fund (LFF)

10/23/16 Postmarked or Emailed by 5:00 PM EST

Grants of up to $5,000 to Maine business owners between the ages of 18 and 29 years old to support entrepreneurial projects and endeavors that promote economic growth. Funded projects must have clearly defined deliverable outcomes and endpoints for the specifically funded scope of work.

For the purposes of these grants, economic benefit refers to:
- The creation or retention of jobs
- Company survival or growth
- Increased competitiveness
- Company infrastructure investments
- Increased sales and revenue
- Increase Maine's capacity for research and development
- Patents, trademarks, copyrights, and/or licenses
- Additional outside investment into the company

Typically grants are less than, or equal to, $5,000 per application.

Projects must not exceed twelve months in duration.

Applicant Eligibility:

Applicants seeking a LFF grant must be between the ages of 18 and 29 and reside in Maine at least 8 months per year. Applicant(s) who are within this age range must collectively represent at least 51% ownership of a group that owns the business or project. Applicants residing in Maine, but who are attending school out of state, are also eligible to apply.

Eligible Project Endeavors:

Examples include, but are not limited to: Intellectual Property (IP) filing, market research and analysis, industry studies/certification, product testing/certification, research and development activities such as proof of concept work, prototype development, equipment, field trials, prototype testing, or pilot studies, crowd-funding/angel/venture capital investment requirements, or other commercialization and business development activity reasonably expected of idea, product, process or service development projects.

Ineligible Project Endeavors:

No overhead costs will be considered for funding.

Applicant Support:

Applicants may seek input from a Board Member in advance (≥2 wks recommended) of the application deadline to discuss their application or submit for review/feedback, upon the availability /discretion of the Member. Views are limited to the individual Member and do not necessarily represent the views of the individual or collective Board, are not necessarily all-inclusive, and do not circumvent evaluation and ultimate decision making by the collective Board.

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Please email all application materials to:, or mail to:

Libra Future Fund
P.O. Box 17516
Portland, ME 04112-8516

See the full text of this grant

USA: Maine

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