$100,000 Nebraska Innovation Fund grants awarded

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$100,000 Nebraska Innovation Fund grants awarded

The Nebraska Department of Economic Development today awarded a total $100,000 in Nebraska Innovation Fund grants for Pre-seed Stage (or Prototyping) completed by two Nebraska companies in support of conceptual work and commercialization of their products or processes.

The Nebraska Department of Economic Development today awarded a total $100,000 in Nebraska Innovation Fund grants for Pre-seed Stage (or Prototyping) completed by two Nebraska companies in support of conceptual work and commercialization of their products or processes.

•EcSELL Institute of Lincoln received a $50,000 Pre-seed grant for its process that focuses exclusively on the development of Executive Sales Managers’ sales management coaching skills. The company provides members only resources, including formal education, diagnostic tools, one-on-one executive development sessions, fact-based resources, and expert Pillar Partners—industry-leading, best-in-class organizations that collaborate around 6 Pillars of Sales Productivity ™.

“The EcSELL Institute is honored to be recognized and awarded this grant from the Nebraska Department of Economic Development. The dollars will be used to assist the creation of information-producing technology that helps organizations worldwide understand how business leaders impact performance of their teams,” said Bill Eckstrom, EcSELL Institute president. “EcSELL’s partnership with the state of Nebraska and other local partners will allow us to get this product to market more efficiently and effectively.”

•Prime Communications of Elkhorn, Neb., received a $50,000 Pre-seed grant to further explore and develop products that continue to expand its expertise in networking, video surveillance, wireless, and security. Current products include IT Services, Network Cabling, Wireless Systems, Customer-based Training, Project Management, Logical and Physical Security, Dust Containment and Project Expertise.

“Our company’s vision, beyond providing sophisticated technology solutions, is to promote innovation and development of new products and services that fill the needs of our clients and the technology industry,” said Steve Kanne, Prime Communications COO. “The prototyping grant award through the Nebraska Innovation Fund will allow us to pursue the development of such products. We have a significant amount of work to accomplish before our products are ready for market and this grant will allow us to expedite the process. We have been a proud member of the Nebraska business community for 13 years. We have always found Nebraska to promote a pro-business platform, especially for technology companies like ours. This award and grant system is another example of why doing business in Nebraska is the right thing to do.”

The Nebraska Innovation Fund (NIF) provides financial assistance to individuals and businesses in Nebraska. Total available NIF money is $4 million yearly ($2 million seed funding, $1 million pre-seed funding, and $1 million value-added agriculture projects).

Eligible businesses are any Nebraska-based corporations, Limited Liability Companies, partnerships, registered limited partnerships, sole proprietorships, business trusts, or entities with less than 500 employees engaged in non-retail primary industries adding value to products or processes.

Pre-seed stage funding may be used to create a prototype of a product stemming from research and development at a business operating in Nebraska, or research at a public, or private college or university in Nebraska.

Applications are taken year-round, and approved applications will be funded until the allocation is exhausted.

For information, contact Nisha Avey at 800-426-6505, 402-471-1466, or nisha.avey@nebraska.org   ###