SBIR/STTR Direct Financial Assistance Program (Phase 5)

About this funding opportunity

Open in new Tab SBIR/STTR Direct Financial Assistance Program (Round 5)

The CSIT SBIR/STTR Direct Financial Assistance Program aims to enhance the innovative economy in NJ through financial support to NJ small businesses seeking to or participating in the federal SBIR/STTR program.

The program has three objectives, which are geared towards accelerating the growth of the innovation economy in the State:

1

Increase the success rate of NJ grant applications seeking federal funding for SBIR/STTR programs

2

Reduce the financial burden for small NJ companies that have won Phase I, Fast Track, or Direct to Phase II Awards/Contracts through the federal SBIR/STTR Program.

3

Increase success and maximize growth of small NJ companies in moving from Phase I to Phase II of the SBIR/STTR Federal program

The CSIT board has approved $875,000 for Round 5 of the SBIR/STTR Direct Financial Assistance Program. Applications will now be accepted on a rolling basis. PROGRAM DETAILS ELIGIBILITY AWARD SIZE

PROGRAM DETAILS

The Direct Financial Assistance Grant for Businesses Engaged in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Federal Programs has a total budget of $875,000 and will offer two grant components:

$25,000 Direct Funding for SBIR/STTR Phase I, Fast Track or Direct to Phase II award/contract winners (“Direct Funding”).

$50,000 Bridge Funding for SBIR/STTR Phase II applicants (“Bridge Funding”).

Applicants to the Round 5, CSIT Direct Financial Assistance SBIR/STTR Program may only apply for one component (either a Direct Funding or Bridge Funding). CSIT reserves the right to reallocate funds between the two components of the Direct Financial Assistance programs.

Direct Funding for SBIR/STTR Phase I, Fast Track or Direct to Phase II Federal Applicants:

Phase I of the Federal SBIR/STTR program is intended to establish technical merit, feasibility, and commercial potential of the proposed research and development efforts. Federal Phase I awards normally do not exceed $150,000 in total costs for six months. To help New Jersey Phase I, Fast Track or Direct to Phase II award/contract winners increase intensity of research, strengthen commercialization plans, cover operational expenses, and become more competitive for Phase II funding, CSIT will provide a grant of $25,000 to New Jersey small businesses that receive a Phase I, Fast Track or Direct to Phase II award/contract. The grant funding is intended to reduce the financial burden on these growing small businesses and improve their chances of applying and winning Phase II awards. The grant will be flexible to help cover general operational expenses.

Bridge Funding for Phase II Federal Applicants:

The gap between application and award notice for Phase II of the Federal SBIR/STTR program can be up to six months and it is during this period that small businesses often struggle to secure funding and maintain operations. CSIT will offer funding of $50,000 to New Jersey small businesses that have successfully completed Phase I of Federal SBIR/STTR program and have applied for Phase II funding. The funding is intended to enable these businesses to maintain operations while waiting on Phase II awards.

Applications will now be accepted on a rolling basis. Grants will be awarded on a rolling basis. All complete applications that meet the program eligibility criteria and are in compliance with the required documentation will receive awards until the total funding amount is exhausted.

Each approved grant will be valid for a period of 12 months starting from date of the execution of the grant agreement

ELIGIBILTY

All applicants must meet eligibility criteria at time of application and must maintain eligibility during the period of application review in order to be considered for an award.

Eligibility requirements must also be maintained during the grant term for awarded applicants and will be specified in the grant agreement.

Direct…

Topic areas: Workforce Development, General and Cross-cutting R&D.

Funding amount

This grant provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

SBIR/STTR Direct Financial Assistance Program (Phase 5) is administered by New Jersey Economic Development Authority (NJEDA), listed via New Jersey Economic Development Authority.