WV Entrepreneurship and Innovation Investment Fund
WV Economic Development
About the Grant
In order to foster job creation and economic development in West Virginia, and stimulate SBIR and STTR results across the State, the West Virginia Legislature initiated the Entrepreneurship and Innovation Investment (EII) Fund. This money is earmarked to provide a monetary award when a business successfully submits a federal SBIR or STTR proposal and receives a Phase I or Phase II award. The amount of the State matching funds awarded is dependent on the existing balance in the EII Fund at the time of application and is typically not a 100% match.
There are two award periods during the year for submitting SBIR/STTR Phase I or II matching fund applications: January and July. 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.
Notes
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