The Innovate Alabama Supplemental Grant Program awards funds to Alabama-based companies that have been granted Phase I or Phase II awards through the Federal Small Business Innovation Research Program (SBIR) or Federal Small Business Technology Transfer Program (STTR).
Donor Name: Alabama Innovation Corporation
State: Alabama
County: All Counties
Type of Grant: Grant
Deadline: 08/01/2022
Size of the Grant: $350,000
Details:
The Innovate Alabama Supplemental Grant Program (the “Alabama Supplemental Grant Program”), a program operated by the Alabama Innovation Corporation (the “Innovation Corporation”), is designed to award funds to for-profit, Alabama-based companies that have been granted Federal Small Business Innovation Research Program or Federal Small Business Technology Transfer Program (the “Federal SBIR/STTR Program”) Phase I or Phase II awards. The Federal SBIR/STTR Program encourages innovative small businesses to engage in research that has the potential for technological innovation and commercialization.
Through awarding funds, the Alabama Supplemental Program will stimulate research and commercialization and will grow the Alabama economy by leveraging investment, creating exportable products and services, and creating and retaining high-wage jobs in both moderately and highly skilled occupations. By offering an award program, Alabama businesses will be encouraged to apply for the Federal SBIR/STTR Program and to realize the economic benefits of commercialized research.
Goals
- Increase the number and types of applications for the Federal SBIR/STTR Program submitted by Alabama-based small businesses conducting research and technology development.
- Help Alabama companies bridge the funding gap period between the final Phase I payment and the first Phase II payment in the Federal SBIR/STTR Program.
- Encourage the establishment and growth of high-quality companies committed to the overall economic development of Alabama and to supporting entrepreneurship and innovation across the State.
- Encourage the establishment of high-wage jobs in Alabama in both moderately and highly skilled occupations.
- Increase the commercial success of Alabama SBIR/STTR projects.
Funding Information
A. Phase I Awards
The Innovation Corporation may grant available funds to applicants that received funding under Phase 1 of the Federal SBIR/STTR Program in amounts not to exceed the lesser of either:
- 50% of the award made to the applicant under Phase I of the Federal SBIR/STTR Program; or
- $100,000.00.
B. Phase II Awards
The Innovation Corporation may grant available funds to applicants that received funding under Phase II of the Federal SBIR/STTR Program in amounts not to exceed the lesser of either:
- 50% of the award made to the applicant under Phase II of the Federal SBIR/STTR Program; or
- $250,000.00.
C. Total Award Funds per Applicant
- No applicant (including any other applicant that is “commonly owned” with such applicant) may receive more than $350,000.00 under the Alabama Supplemental Grant Program in any three (3) year period. For purposes of this Section III.C., applicants are “commonly owned” if they are at least 51% owned or controlled, directly or indirectly, by the same person or entity.
Eligibility Requirements
A. The applicant must meet all requirements under the Federal SBIR/STTR Program at the time of their application for the Alabama Supplemental Grant Program.
B. The applicant must meet the following requirements sat the time of their application for the Alabama Supplemental Grant Program and for five years after any award is made under such program:
- The applicant must have its primary place of business in Alabama;
- One of the applicant’s top executives must live in Alabama as their place of residence;
- At least 75 percent of the applicant’s employees must live in Alabama as their place of residence; and
- The applicant must be a participant in the E-Verify program.
C. Generally, the applicant must have been awarded a Phase I or Phase II award under the Federal SBIR/STTR Program that is active at the time of the application. However, as a part of implementing this Alabama Supplemental Grant Program, any applicant who was awarded Phase I or Phase II funding under the Federal SBIR/STTR Program that was active as of July 1, 2021, or thereafter, is eligible to apply at this time.
For more information, visit Innovate Alabama.