SC Federal Matching Grant (formerly SBIR/STTR Phase I)
SC Federal Matching Grant (formerly SBIR/STTR Phase I)
South Carolina Research Authority
ABOUT THE GRANT
Managed by the Academic Innovations Team, the objective of the Federal Matching Grant is further federal funds received by small businesses in South Carolina to advance translational research in support of one or more critical milestones towards commercialization. Preference given to SBIR/STTR awardees with initial datasets who identify gaps in commercialization activities that would help develop a compelling proposal for follow on funding. Other Federal matches will be considered on a case-by-case basis. Key milestones include developing the technology past the minimum viable product (MVP) and demonstrating product-market fit, in the DEVELOP stage of startup development. In the ACCELERATE stage of startup development, key milestones include enabling product execution through testing and demonstrations.
Federal Matching Grants can match funds up to 50% of a qualifying federal award, not to exceed $50,000.
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NOTES
Note: This grant requires joining the SCRA as a member company. Memberhsip is free but requires an application review.
Member Companies deemed eligible to apply for SCRA Grant Funding opportunities will be invited by their assigned manager, who will advise them during the process. It is important to note that while acceptance as an SCRA Member Company qualifies you for consideration for funding, it does not guarantee approval.
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