Alabama’s compact tech companies can utilize for up to $250,000 in grant cash through a new plan from the Alabama Innovation Corp.
Gov. Kay Ivey introduced these days that programs are open up for the Innovate Alabama Supplemental Grant Software.
Alabama-centered recipients of Stage I and Phase II Federal Tiny Organization Innovation Exploration (SBIR) and Smaller Small business Technological know-how Transfer (STTR) grants are qualified to apply. Phase I recipients are suitable to use for 50% of their award, up to $100,000, although Stage II recipients can implement for 50% of their award, up to $250,000.
Organizations acquire the grant money without providing up shares of their organization.
Programs are because of by 5 p.m. on Aug. 1, with award notifications for the to start with round of funding beginning Aug. 22. To learn a lot more and utilize, simply click here.
The method is another way to battle 1 of the historic things hampering Alabama tech startups – lack of access to money. The Alabama Innovation Corp. was made past calendar year to encourage innovation and entrepreneurship in know-how and other fields, as well work with condition government to acquire systems and guidelines for financial development.
Ivey identified as the plan “the most current way our condition is creating an desirable business atmosphere for revolutionary suggestions that will modify our earth.”
“Alabamians have the grit, determination and creativeness to make these thoughts a reality, and with Innovate Alabama’s supplemental funding, these compact corporations will acquire their suggestions from notion to commercialization,” Ivey mentioned.
