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:
Regulator wants views on fit and proper guidance
Hygiene events for the hospitality industry
Business support session in Douglas today
Book your place for graduate career fair
Bank deposits rising, says regulator
Island maintains 'medium high' risk level for money laundering
New motorsports bar advertises for staff in countdown to TT