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Grant Details

Entrepreneurship and Innovation Investment Fund

Division:
West Virginia Department of Economic Development, Small Business Development Center

Entity Eligible to Apply for Grant:
West Virginia based for-profit small businesses who have successfully submitted a federal SBIR or STTR proposal and received a Phase I or Phase II award

Type of Grant:
Competitive

This matching fund program is managed by the WV SBDC’s Innovation-Technology (In-Tech) program. There are three award periods throughout the year for submitting SBIR/STTR Phase I or II matching fund applications: January, May, and September. No preference will be given to the order in which applications are received. Closed Phase I or II SBIR/STTR projects are not eligible for matching funds. In addition to these Phase I and Phase II award periods, businesses can also apply for a Phase 0 award upon submitting a Phase I SBIR or STTR proposal. These Phase 0 awards are distributed as a $2,500 grant and can be applied for during any month of the year

Guidelines

In order to be eligible for a grant under this program, a small business must satisfy all of the following conditions:

(1) The small business must be a for-profit, West Virginia-based business;

(2) For the Phase I and/or Phase II Matching program the small business must have received a SBIR/STTR Phase I or SBIR/STTR Phase II award from a participating federal agency in response to a specific federal solicitation. To receive the full match for the Phase I award, the small business must also have submitted a final Phase I report, demonstrated that the sponsoring agency has an interest in a Phase II proposal, and submitted a Phase II proposal to the agency; To receive the Phase II match, the small business must have submitted the final progress report to the funding agency;

(3) The small business must satisfy all federal SBIR/STTR requirements;

(4) The small business shall not receive concurrent funding support from other sources that duplicates the purpose of this article;

(5) The small business must certify that at least 51 percent of the research described or to be described in the federal SBIR/STTR Phase II proposal will be conducted in this state and that the small business will remain a West Virginia-based business for the duration of the SBIR/STTR Phase II project; and

(6) The small business must demonstrate its ability to conduct research in its SBIR/STTR Phase II proposal.

How to Apply

The WV SBDC shall accept applications from West Virginia based businesses for potential participation in the West Virginia SBIR/STTR matching funds program during the periods of: January 1-31, May 1-31, and September 1-30 each year.

A small business shall apply, under oath, to the department on forms prescribed by the department that include at least the following:

(1) The name of the small business, the form of business organization under which it is operated, and the names and addresses of the principals and management of the small business;

(2) For matching awards, notice of award from the funding agency of the SBIR/STTR Phase I or Phase II award;

(3) For matching awards, study section evaluation and comments; and

(4) Any other information necessary for the department to evaluate the application.

(5) The department shall review the application, determine whether the applicant satisfies the eligibility requirements, and determine whether to award matching grants.

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Important Contacts

In-Tech Program Manager

Mary Hott
304-380-3279
Mary.E.Hott@wv.gov

West Virginia Small Business Development Center

A Division of the West Virginia Department of Economic Development

1900 Kanawha Boulevard East

Building 3, Suite 600

Charleston, WV 25305