The Kentucky SBIR-STTR Matching Funds Program is funded by the Cabinet for Economic Development, CED, Office of Commercialization and Innovation, OCI. The Matching Funds Program provides Matching Funds up to $150,000 for Phase I and up to $500,000 for Phase II (up to two years). These Matching Funds are to be used for new and additional work tasks that are complementary to your existing Federal SBIR-STTR Award. Companies from Kentucky and those willing to move to Kentucky can apply and receive Matching Funds Grant Awards. The distribution of funds for out-of-state applicants; however, will be contingent upon meeting all the requirements within the guidelines, including relocating your business to the state of Kentucky within 90 days of the date on the Kentucky SBIR-STTR Matching Funds Grant Agreement. Other stipulations found in the guidelines include that a recipient of the Kentucky Matching Funds Award is required to maintain their Kentucky based status for 5 years after receipt of the final disbursement of funds and at least 51% of the company’s property and payroll must be in Kentucky. And, at least 51% of the Matching Funds grant amount must be spent in Kentucky.
Learn more and see list of awardees here.
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