The Oklahoma Center for the Advancement of Science and Technology awards funding of up to $500,000 to companies leading innovation projects that have the potential to create economic impact in Oklahoma.
Donor Name: Oklahoma Center for the Advancement of Science and Technology
State: Oklahoma
County: All Counties
Type of Grant: Grant
Deadline: 09/06/2023
Size of the Grant: $50,000 to $500,000
Details:
OCAST awards funding from $50,000 to $500,000 through the Oklahoma Applied Research Support (OARS) program to companies, including manufacturers, leading innovation projects that have the potential to create economic impact in Oklahoma. The OARS program provides non-dilutive funding for Oklahoma companies to hire scientific and technical expertise, create partnerships, secure necessary supplies and equipment, or validate technologies heading toward market launch. These projects must:
- Focus on existing or emerging technologies in one of the three industry sectors of particular interest to Oklahoma’s economy, namely Aerospace/Autonomous Systems and Defense, Biotechnology/Life Sciences and Energy Diversification
- Lead to innovation in technology and have a high probability of a commercially successful products, processes, or services within two years of project completion
- Be technically sound and produce measurable results
- Have reasonable probability to create or retain jobs, increase capital investment, and increase revenue, leading to economic impact in the state.
Eligibility Criteria
Applicants to the 2024 OARS Programs:
- Must be an Oklahoma-based company. The company must be registered with the Oklahoma Secretary of State and have a permanent office in Oklahoma.
- The project must be focused on solving a need (problem) identified by the company, for example: improving the efficiency of a product line by application of existing technology
- Research institutions may serve as subcontractors as required for successful completion of the OARS project
- A minimum of 51% of the project work funded by OCAST must be completed within the State of Oklahoma and show an economic benefit within the state
- Must commit a $1-for-$1 match of the state funds provided for the project
- Must include a Project Lead at the applicant organization. Advanced degrees are not required. It is expected that a Project Lead is officed at the Oklahoma-based facility
- May apply if still currently involved in an OCAST-funded project (including OARS) and there is no limit on the number of applications submitted in any one program cycle.
For more information, visit OCAST.
