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:
Peel shop goes back on the market
A shop in Peel is up for sale again, less than 12 months after reopening following a refit.
Island represented at Dublin fintech conference
The Island's financial regulator will be showcasing the Island at an event in Dublin tomorrow.
Don't fall victim to crypto scam, says regulator
The Island's financial regulator has issued a warning about a cryptocurrency scam that claims to be based on the Island.
Post Office plea for patience during race week
The Post Office is asking people to be patient as it tries to collect and deliver mail this week.
Manx companies see millions of pounds of London property frozen
Two London properties owned by Isle of Man companies have been made the subject of freezing orders by investigators in the UK.
Island agrees tax avoidance scheme crackdown with UK
Treasury Minister Dr Alex Allinson has agreed to work with the UK to combat tax avoidance schemes.
Ramsey prom housing site on the market
A plot of land in Ramsey at the end of Mooragh Promenade is on the market for just over £1.3 million.
School Hill contractor appointed
Castletown commissioners say they've appointed a contractor to carry out the second phase of work on a huge building project.
