The Innovate Alabama Supplemental Grant Program 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.
Donor Name: Innovate Alabama
State: Alabama
County: All Counties
Type of Grant: Grant
Deadline: 07/02/2024
Size of the Grant: $100,000 to $500,000
Grant Duration: Grant Duration Not Mentioned
Details:
The Federal SBIR/STTR Program encourages innovative small businesses to engage in research that has the potential for technological innovation and commercialization.
- 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
- Phase I Awards
- Innovate Alabama 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.
- Innovate Alabama 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:
- Phase II Awards
- Innovate Alabama 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.
- Innovate Alabama 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:
Uses of Funds
Innovate Alabama Supplemental Grant recipients can utilize these funds to support and grow their businesses, through:
- Highly Skilled New Hires
- Business Plan Development
- Product Testing
- Market Research
- Intellectual Property Protection
- Technical Work
Eligibility Requirements
- The applicant must meet all requirements under the Federal SBIR/STTR Program at the time of their application for the Innovate Alabama Supplemental Grant Program.
- The applicant must meet the following requirements at the time their application for the Innovate Alabama Supplemental Grant Program is made, or within a reasonable time before the distribution of any award (in the sole discretion of Innovate Alabama) and for five years after any award is made under such program
- Within 12 months after receipt of the grant:
- The applicant must have its primary place of business in Alabama;
- The majority of the applicant’s top executives must live in Alabama as their place of residence; and
- At least a majority of the applicant’s employees must live in Alabama as their place of residence.
- The applicant must be a participant in the E-Verify program.
- Within 12 months after receipt of the grant:
- As a part of implementing this Innovate 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, 2023, or thereafter, is eligible to apply at this time.
- Once a supplemental award has been made for a Phase I or Phase II of an underlying SBIR/STTR, an application for additional funds for that same phase award may not be requested.
For more information visit Innovate Alabama.
