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SBIR/STTR Direct Financial Assistance Program


The CSIT SBIR/STTR Direct Financial Assistance Program aims to enhance the innovative economy in NJ through financial support to NJ small businesses seeking to or participating in the federal SBIR/STTR program.

The program has three objectives, which are geared towards accelerating the growth of the innovation economy in the State:


The CSIT board has approved $1,250,000 for the SBIR/STTR Direct Financial Assistance Program.


<strong>PROGRAM DETAILS</strong>

PROGRAM DETAILS

Direct Funding Grant (For Phase I, Fast-Track, and Direct-to-Phase II Award Winners):

CSIT will provide a grant of $25,000 each to thirty (30) NJ small business that have received a Phase I, Fast-Track, or Direct-to-Phase II award letter/contract no more than two (2) years prior to the date of CSIT’s Notice of Grant Funding (August 9, 2019). 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.

Bridge Funding Grant (For Phase II SBIR/STTR Applicants):

CSIT will provide a $50,000 bridge grant to ten (10)) NJ small businesses that have competed Phase I of Federal SBIR/STTR program and have applied for Phase II funding no more than two (2) years prior to the date of CSIT’s Notice of Grant Funding (August 9, 2019) and have not received notification of award.  The grant will enable NJ small businesses 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.

<strong>ELIGIBILITY</strong>

ELIGIBILTY

Direct Funding Grant

  1. Phase I SBIR/STTR Award/Contract Recipient: Be a recipient of a Federal SBIR/STTR Phase I, Fast-Track or Direct-to-Phase II award/contract within the last two (2) years prior to the issuance of Notice of Funding (no earlier than 08/09/2019)
  2. NJ-Based Small Business: Have a current NJ tax clearance certificate listing Commission on Science, Innovation and Technology
  3. NJ Principal Investigator/Project Manager: Have a NJ resident or employee designated as Principal Investigator/Project Manager for the duration of the grant
  4. NJ Employees Minimum: Have 50% or more employees working in NJ as evidenced by payroll records (Fulltime/part-time employees and contractors)
  5. NJ Address as Primary Place of Performance: Primary place of performance on the SBIR/STTR project award is a NJ address
  6. Max. Federal SBIR/STTR Awards: Awarded no more than 5 Federal SBIR/STTR awards/contracts (Phase I, Direct-to-Phase II, Fast-Track combined)
  7. NJCSIT SBIR/STTR Awards: Has not been awarded an NJ CSIT Phase I or Phase II direct financial assistance grant within the past one year from the Notice of Funding issuance date (no later than 8/09/2020)


Bridge Funding Grant

  1. Phase I SBIR/STTR Award/Contract Recipient:  Be a recipient of a Federal SBIR/STTR Phase I, Fast-Track or Direct-to-Phase II award/contract within the last two (2) years prior to the issuance of Notice of Funding (no earlier than 08/09/2019)

2. Phase II SBIR/STTR Applicant : Submitted a Phase II SBIR/STTR application and have not received a Federal response yet on their Phase II application

3. NJ-Based Small Business: Have a current NJ tax clearance certificate listing Commission on Science, Innovation and Technology

4. NJ Principal Investigator/Project Manager: Have a NJ resident or employee designated as Principal Investigator/Project Manager for the duration of the grant​

5. NJ Employees Minimum: Have 75% or more employees working in NJ as evidenced by payroll records (Fulltime/part-time employees and contractors)

6. NJ Address as Primary Place of Performance: Primary place of performance on the SBIR/STTR project award is a NJ address

7. Max. Federal SBIR/STTR Awards: Awarded no more than 5 Federal SBIR/STTR awards/contracts (Phase I, Direct-to-Phase II and Fast-Track combined) and been awarded no more than 4 Phase II awards.

8. NJCSIT SBIR/STTR Awards: Has not been awarded an NJ CSIT Phase I or Phase II direct financial assistance grant within the past one year from the Notice of Funding issuance date (no later than 08/09/2019)

<strong>INFORMATIONAL WEBINAR</strong>
19
10:00 am
Free Event
Thursday

August 19, 2021

CSIT Round 3 SBIR/STTR Grant Assistance Program Virtual Webinar

Virtual Webinar
The webinar will provide attendees with a clear overview of both grants, grant requirements, application, and submission processes. The CSIT SBIR/STTR Direct Financial Assistance Program aims to enhance the innovative economy in NJ through financial support to NJ small businesses …
Learn More

Click here to view a recording of the Webinar

PROGRAM GUIDE

QUESTIONS

For more information or to ask a specific question please send an email to customercare@njeda.com and a team member will reach out to you.

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