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.