The SBIR/STTR Matching Grant Program (“Matching Grant”) provides funding to help businesses build on projects and advance technologies developed using federal SBIR/STTR funds to help companies reach their next stage of growth.
Donor Name: Business Oregon
State: Oregon
County: All Counties
Type of Grant: Grant | Matching Grants
Deadline: 10/21/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
The SBIR/STTR funding alone, however, leaves gaps in areas critical to getting early-stage companies to the point of producing revenue and becoming viable businesses. SBIR/STTR grants support the development of a commercially viable products but limit a company’s ability to spend funds on critical areas, such as business plan development, marketing, and intellectual property protection. Furthermore, companies at the end of Phase I projects often struggle to stay viable until they are able to win and receive Phase II grant funds. In addition, as companies reach the end of the federally funded projects, they may still not be at the stage of having enough customers or production capability to meet customer demand. These situations put promising early-stage companies in difficult positions where it can be challenging or impossible to reach their full potential.
The objectives of the Matching Grant program are to:
- Leverage and expand sources of nondilutive capital to catalyze the commercialization of new innovations
- Encourage the growth of innovation-based businesses using advanced science and technology in Oregon
- Address gaps in federal SBIR/STTR funding.
Funding Information
This Request for Grant Applications (RFGA) is seeking applications for Matching Grants of either federal Phase I SBIR/STTR awards or Phase II awards. An Oregon company that has received a Phase I SBIR/STTR award may submit a proposal for a project up to $50,000. A company with a Phase II or Fast-track award may submit a proposal for a project up to $100,000.
Eligibility Requirements
- Applicant must be a traded-sector business. “Traded sector” businesses are defined in Oregon Administrative Rule (OAR) 123-089-0020 as “industries in which member firms sell their goods or services into markets for which national or international competition exists.”
- Applicant must be an Oregon-based business. “Oregon-based” is defined as “more than 50% of the company’s employees are based in Oregon.”
- If an applicant is a sub-awardee and the prime awardee is not “Oregon-based,” the applicant must sufficiently explain how the intellectual property will be developed and commercialized in Oregon. In addition, the maximum match amount allowed will be prorated according to how much of the original federal award that the Oregon-based subawardee is receiving.
- Applicant must be registered with the Oregon Secretary of State to do business in Oregon.
- Applicant must meet all federal SBIR/STTR guidelines including, but not limited to the following:
- have fewer than 500 employees
- independently owned and operated
- legally organized as a for profit business
- at least 51% owned by a U.S. citizen(s) or lawfully admitted permanent resident alien(s), and
- the primary place of employment of the principal investigator (PI)
- Applicant must be recipient of a federal SBIR/STTR grant award dated no earlier than January 1, 2023.
For more information, visit Business Oregon.
