The program has expanded! Now, the program is providing incentive of up to 75% of costs to write a proposal, up to $12,000, subject to conditions below. As well, the previous matching funds is re-authorized for up to $100k for a Phase I grant, payable 75% at start and 25% at submission of Phase II.
For the incentive, eligible applicants must have received official notification of submission of their Phase I Proposal by a Federal SBIR/STTR-awarding agency during the Incentive Solicitation Period (July 1, 2022-June 30, 2023) to be eligible. Qualified applicants will be reimbursed for a portion of the costs incurred in preparing a Federal SBIR/STTR Program Phase I proposal, up to a maximum of $12,000. The maximum percentage for reimbursement is:
- 75% for an eligible business located in a Development Tier 1 or 2 county
- 50% for any other eligible business,
as defined by the NC Department of Commerce (2022 County Tier Designations). Full incentive solicitation is here.
Applications are available until June 30, 2023, or until funds have been exhausted for the program’s funding cycle.
Please reach out to Grant Engine for a free consultation via (650) 937-9164, or contact us here.
Are you ready to get started on winning the non-dilutive funding your company needs?
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