The North Carolina Department of Commerce has revived One North Carolina Small Business Program and Matching Funds. This crucial program enables the commercialization of new technologies, while providing more jobs and investment in our respective communities. The NC Dept of Commerce recently announced they are now accepting applications for a new round of grantmaking for North Carolina’s emerging technology companies.
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,
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.