The WV Small Business Development Center (SBDC) would like to remind any business who recently received federal SBIR/STTR funding that July 1st – 31st is one of only two windows of time annually to apply for potential State matching funds.
This matching fund program is through the WV Entrepreneurship & Innovation Investment (EII) Fund and is managed by the WV SBDC’s Innovation-Technology (In-Tech) program. A business must first successfully submit a federal SBIR or STTR proposal and receive a Phase I or Phase II award. The amount of the matching funds awarded is dependent on the existing balance in the EII Fund at the time of application and is typically not a 100% match.
In addition to these Phase I and Phase II award periods, businesses can also apply for a Phase 0 award upon submitting a Phase I SBIR or STTR proposal. These Phase 0 awards are distributed as a $2,500 grant and can be applied for during any month of the year.
More information about the WV Entrepreneurship & Innovation Investment Fund can be found at https://wvsbdc.com/services/technology-commercialization. For questions about the fund, the application process, or additional ongoing SBIR/STTR support services, you are encouraged to contact the In-Tech Program Manager, Mary Hott, at [email protected] or 304-380-3279.
