The Department of Economic Development has rolled out the support through the Financial Assistance Scheme.
It's also offered support to 40 businesses in a bid to help them boost their ideas.
Simon Bottomley is the technical director of Nasaleze Limited - the business has received varying forms of support from the department.
He says it's been a great help:
Staff, energy and materials blamed for price rises
Around 45 percent of Island businesses say they've had to up their prices over the past six months.
Made in Mann labels to get update
The enterprise minister says an updated labelling scheme for Manx produce is set to be unveiled next year.
Quarry valuations queried in Tynwald
The minerals in the Island's quarries haven't been fully valued in three years.
More people falling under income tax threshold
The number of people who aren't required to submit a tax return has been rising steadily over the past four years.
Blessed are the (Manx) cheese-makers!
Isle of Man Creamery is celebrating after picking up two awards.
Financial planning company opens new northern office
A local financial planning company is opening a new pop-up office in the North.
Government launches business survey
A survey has been launched to measure the mood of businesses across the Island.
Villa Marina hosts huge career fair
The Island's largest careers fair gets underway today.
