The Alabama Innovation Corporation, also known as Innovate Alabama, recently opened applications for the Innovate Alabama Supplemental Grant Program.
State-based recipients of Phase I and Phase II Federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are eligible to apply for up to $250,000 in supplemental funding.
“The Innovate Alabama Supplemental Grant Program is the latest way our state is creating an attractive business environment for pioneering ideas that will change our world,” said Gov. Kay Ivey in a press release. “Alabamians have the grit, determination, and creativity to make these ideas a reality, and with Innovate Alabama’s supplemental funding, these small businesses will take their ideas from concept to commercialization.”
Eligible applicants must have an active Phase I or Phase II SBIR or STTR grant. Phase I recipients are eligible to apply for matching funds of 50 percent of their award, up to $100,000. Phase II recipients are eligible to apply for matching funds of 50 percent of their award, up to $250,000. These awards are non-dilutive, which means businesses will receive the money without giving up shares of their company.
“The Innovate Alabama Supplemental Grant Program is a fantastic opportunity for UAB-based start-ups who have already received SBIR and STTR funding to continue to develop their innovative technologies,” said Dr. Kathy Nugent, executive director of the UAB Bill L. Harbert Institute for Innovation and Entrepreneurship. “These technologies have already passed muster with scientific experts, making them strong investments for state funding.”
Applicants should apply by 5 p.m., Aug. 1, 2022. Award notifications for the first round of funding will begin Aug. 22.
Apply at innovatealabama.org/programs.