Nebraska LB1044 amends the Business Innovation Act, adjusting financial assistance criteria and funding levels.

Nebraska LB1044 modifies the Business Innovation Act by changing the financial assistance program for businesses and individuals creating prototypes. The bill mandates that applicants submit a business plan with a proof-of-concept demonstration. It sets a cap of $500,000 per project and requires matching funds from nonstate sources. The Department of Revenue must award at least $4 million and up to $6 million annually.

Nebraska LB1044 amends the Business Innovation Act, adjusting financial assistance criteria and funding levels.

Nebraska LB1044 modifies the Business Innovation Act by changing the financial assistance program for businesses and individuals creating prototypes. The bill mandates that applicants submit a business plan with a proof-of-concept demonstration. It sets a cap of $500,000 per project and requires matching funds from nonstate sources. The Department of Revenue must award at least $4 million and up to $6 million annually.