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Matching Financial Assistance

This component of the program provides commitment to match grants for SBIR/STTR Phase I proposals. Phase I awards will be matched at 50% up to $50,000.

Total financial assistance is limited to $50,000 per applicant across all components of the SBIR/STTR Outreach program.

Download application.

Eligibility:

  • Be an innovative business with 500 or fewer employees.
  • Have a reasonable likelihood of receiving SBIR or STTR grant funds.
  • Be likely to stimulate subsequent investment by industry, venture capital and other sources.
  • Be likely to commercialize some promising technology.

Type of benefit:

  • Program funds are in the form of a grant
  • Up to $50,000 commitment to match Phase I SBIR/STTR award
  • Applicant, if awarded, will enter into a technical assistance agreement with the Innovation Corporation.
  • To receive awarded funds the applicant will submit to the Iowa Innovation Corporation verification of SBIR/STTR Phase I award.
  • Total financial assistance is limited to $50,000 per applicant across all components of the SBIR/STTR Outreach program.
  • Funding is only available for SBIR/STTR proposals not yet submitted. The program does not provide commitment to match funds for SBIR/STTR proposals submitted prior to application approval.

 

How to apply:

An eligible business must submit an SBIR/STTR Outreach Program Application to the Iowa Innovation Corporation, ATTN: Anne Price, 200 E Grand Ave, Des Moines, Iowa, 50309 or to anne@iicorp.com.

Applications are reviewed for funding decisions on a ongoing basis.  A funding decision will be made within two weeks of receipt of a complete application.

For additional information:
Anne Price
Iowa Innovation Corporation
515.421.4389.
anne@iicorp.com