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:
New chairman for Isle of Man Energy
Isle of Man Energy has appointed a new chairman.
New guidance for businesses about climate change
The Island's financial regulator has issued new guidance to businesses about climate change and nature loss risks.
Loganair celebrates 700,000th passenger
Loganair have marked their 700,000th passenger travelling at the Isle of Man Airport.
Free talk on marketing for local artists
People who work in the creative field are being invited to a free talk on marketing themselves.
UK tour operator bringing 20 travel agents to Island
A UK holiday tour operator is planning on sending 20 travel agents to the Isle of Man as it plans what it calls 'Famolidays' here.
Freight firm plans new Foxdale hub
There are plans to build a new industrial unit on an empty plot opposite Foxdale's clocktower.
Regulator proposes changes to financial services laws
The Island's Financial Services Authority is asking for feedback about proposed law changes.
Former Asia Fresh restaurant up to let
Could you run a business from the site of a former sushi restaurant in central Douglas?
