What it is
The SBIR Acceleration and Commercialization program is designed to increase the participation of Connecticut-based firms in federal SBIR and STTR grant programs. These programs improve a small business’ chances of advancing their technology and achieving commercialization and job growth.
Grants and loans are available through the program, but note that the criteria for each are very specific.
State Matching Grants
Grants are available only to Connecticut-based companies that have won a federal SBIR/STTR Phase I award in 2013 or 2014. For a list of past SBIR/STTR award winners, click here.
Grants have a base level of $30,000. If a small business subcontracts with a Connecticut research university, the funding may increase by $10,000 in order to fund the direct costs of the university effort.
Larger grants may be awarded if the small business is able to attract additional funding from an SBIR federal agency. (Example: An NSF Phase IB requires a $60,000 cash match for an additional $30,000 of federal funding.) This is awarded on a case-by-case basis.
Loans are available only to Connecticut-based companies that have won Phase II SBIR/STTR funding.
Qualified companies may apply for up to $150,000 with a required 50 percent company match. The match may come from a variety of sources. In special cases the loan may be converted to a grant or equity.
Loans can be used for further development of prototypes or proofs of concept, hiring new employees/assembling teams, intellectual property development and protection, testing and certification, machine tools, business plan development, technology assessments, market analyses/validations/strategies, accounting, legal and other business advisory services.
The bulk of the funding for both Phase I and Phase II winners must be used in Connecticut.
How to apply
Click here for more information and to apply.
Attend a National SBIR Conference
The National SBIR Conference is held annually and is critical for companies seeking SBIR funding to attend because of the value that is gained by speaking one-on-one with SBIR program managers, learning grant winning strategies, and networking with university and industry partners. We provided fee reimbursements of $395 to nine small Connecticut tech companies to attend the June 2014 National SBIR Conference held in DC and plan to continue providing this reimbursement in the future. The next National SBIR Conference is in Austin, Texas from November 11 – 13. For more reimbursement information, visit the CT iHub.
SBIR Grant Budget Support
We know how difficult it is for new companies that have never won an SBIR/STTR award to craft their Phase I grant budgets. Because of this, we offer budget development support to companies writing SBIR grants through an estbalished SBIR accounting firm for just $100. Additionally, you can have your accounting system reviewed for government compliance at a discounted cost. This is an allowable expense if you win a state matching SBIR grant.
For sample SBIR proposals, click here.
If you have any questions, contact: