The MEDC created the Innovation Fund in Jan. 2020 in order to spur high-tech job creation within McKinney, placing McKinney as an innovation hub. The Fund provides non-dilutive capital to selected startups during stages when capital is often more difficult to come by, and realizes its return when the startup finds success in McKinney and creates local jobs.
Up to $200,000 grant to support the early-stage growth of selected technology startups who locate their primary HQ to McKinney.
50% Upfront, 50% Performance-Based
Graduate from the Growth Fund into Expansion!
Up to $500,000 grant to selected startups in McKinney who have demonstrated rapid growth.
Performance-based
Up to $500,000 grant to selected later-stage startups who locate their primary HQ in McKinney, calculated by the local jobs created and their average salary.
Performance-based