NJEDA Commission on Science and Technology (CSIT) Direct Financial Assistance Program – SBIR &STTR
CSIT’s Direct Financial Assistance Program offers grants to businesses engaged with, or applying to, the federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The purpose of the SBIR/STTR Direct Financial Assistance Program is to enhance the State’s innovative economy by financial support to small businesses participating in, or applying to, the Federal SBIR/STTR programs. This fourth round of the program will offer $1 million in grants to New Jersey small businesses in two program components. The first component (Direct funding) will provide $25,000 grants to up to 20 small businesses that have received a federal SBIR/STTR Phase I, Fast-Track, or Direct to Phase II award/contract. The grant is aimed at helping awardees increase intensity of research, strengthen commercialization plans, cover operational expenses, and become more competitive for Phase II funding. The second component (Bridge funding) will provide $50,000 grants to up to ten New Jersey small businesses that have successfully completed Phase I and have applied for Phase II of the federal SBIR/STTR program. The grant will enable the awardees to maintain operations while waiting on Phase II awards and cover general operational expenses directly related to the project/product for which a Federal Phase II award is being sought.