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:
FSA suspends license of Douglas-based Douglas-based fintech
The Financial Services Authority says it's temporarily suspended the licence of a Douglas-based fintech company.
Island egaming company says it will accept Trump cryptocurrency as payment
An Isle of Man egaming company says it will take US president Donald Trump's new cryptocurrency as payment.
Local businesses could get their piece of £2.4 million of funding
From April local businesses will be able to apply for funding from the government to improve their shops.
Junkbox pop-up event is back!
An island based vegetarian food service is bringing back a pop-up event on this week.
New barbeque restaurant opening in Douglas today!
Douglas is getting a brand new barbeque restaurant today.
Beauty in the eye of the beholder at new business!
A new business has opened that shows the beauty in the eye of the beholder.
Peel ice cream parlour cutting its hours
An ice cream parlour on Peel promenade has announced it will be closing earlier over the next few weeks.
The Graduate and Young Professional Fair is returning!
An event for young people looking to take their first or next career steps in the Isle of Man is returning later this year.
