Accessing state matching with an SBIR grant ensures that research and development funding goes further for small businesses in need of capital to help with innovation, and are in line with the NIH Budget 2018.
Several states will match federal funds for SBIR:
Florida, offering $10,000 to $150,000 to Phase II recipients
Hawaii, offering up to 50% matching for Phase I and up to $500,000 for Phase II
Iowa, offering up to $25,000 for Phase I
Kentucky, offering up to $150,000 for Phase I and up to $500,000 for Phase II
Maine, up to $50,000 for Phase I and II
Massachusetts, $75,000 to $300,000 for Phase I
Michigan, offering up to $25,000 for Phase I and up to $125,000 for Phase II
Montana, up to $60,000 for both phases
Nebraska, offering up to $100,000 or 65% of the grant for Phase I
North Carolina, up to 50% for Phase I, not to exceed $65,000
Rhode Island, offering up to $45,000 for Phase I and up to $100,000 for Phase II
South Carolina, offering up to 50% for Phase I, not to exceed $50,000 of the grant
Tennessee, with 50%-60% for Phase I and up to 25% for Phase II
Virginia, up to $50,000 for both Phase I and II
Wisconsin, up to $75,000 or 50% for Phase I, and up to $75,000 per year up to two years for Phase II
The SBIR website maintains a full list of federal and state opportunities for small businesses, including state resources. You can also access a searchable local resources database on the SBIR website.
States offer SBIR assistance and matching to assist local businesses and the state economy, ensuring that their own residents and constituents have ample opportunity for innovation funding. These states are perhaps more attractive to small businesses involved with innovation, which is promising for all residents of the state who stand to benefit from the economic boost, and the advantages of attracting entrepreneurs and start-ups to the state.
Wherever you are located, Grant Engine can help your small business access the funding you need, and uncover any additional programs that could bolster your chances of success. We’re happy to answer any questions you may have and provide the information you need to get started with an SBIR application or other grant writing plan.
Get in touch by giving us a call at (650) 937-9164 or email email@example.com.