McKinney Innovation Fund — Expansion Grant

McKinney Innovation Fund — Expansion Grant

Offers performancebased grant for growthstage McKinney tech companies hitting ARR or raised through the McKinney Innovation Fund Expansion Grant.

The McKinney Innovation Fund Expansion Grant is the second tier of the three-tier Innovation Fund administered by the McKinney Economic Development Corporation (MEDC), a Texas 4A/4B sales-tax-funded statutory nonprofit. It provides up to $500,000 to growth-stage tech startups that are already headquartered in McKinney, Texas and have demonstrated rapid growth. The award is primarily performance-based, disbursed against milestones rather than upfront, distinguishing it structurally from the Growth Grant tier. Applications are accepted on a rolling basis with no published deadline.

To qualify for the Expansion Grant, a company must have operated in McKinney for at least 12 months and must meet at least one of two traction thresholds: $500,000 in annual recurring revenue or $1 million or more raised in outside capital. These gates differentiate Expansion Grant applicants from Growth Grant recipients and signal that the fund is designed for companies moving from traction to scale rather than those building initial product-market fit. Eligible sectors align with the broader Innovation Fund definition: SaaS, AI, cybersecurity, fintech, cloud computing, renewable energy (technology-based), life sciences, and digital arts.

Companies begin the application process by contacting MEDC directly to receive the Founder Funding Kit, which contains qualification details, grant type descriptions, and the application timeline. The MEDC contact for the fund is T. Billett at tbillett@mckinneyedc.com or (972) 547-7651. No equity is taken. The award is structured as a non-dilutive economic development incentive tied to continued job creation and operations within McKinney city limits.