Small Business Innovation Research (SBIR) Acceleration and Commercialization Program (CI)

Small Business Innovation Research (SBIR) Acceleration and Commercialization Program (CI) State-funded initiative to accelerate Connecticut’s entrepreneurial technology economy.

What's the value to me?

If you were a SBIR Phase I or II Award Winner and are looking for grants or loans.

Description & Overview

The Small Business Innovation Research (SBIR) Acceleration and Commercialization Program is our new, state-funded initiative to accelerate Connecticut’s entrepreneurial technology economy.

Note: If eligible, you may apply to BOTH.

Services

State Matching Grants- For SBIR Phase I Award Winners

These grants are designed to help bridge the funding gap between Phase I and subsequent awards and enhance companies' chances of winning a Phase II. Subcontracting with a Connecticut research university may increase the state funding by $10,000 above the base award, in order to fund the direct costs of the university effort.

Who Can Apply:

Connecticut-based companies that have won a federal SBIR Phase I award credited to Connecticut in calendar years 2011, 2012 or 2013 are eligible to apply.

Commercialization Loans- For Winners of SBIR Phase II or Other Significant Federal R&D Funding

These loans are meant to accelerate commercialization of new technologies and innovations developed by companies that have recently won Phase II SBIR/STTR OR other significant federal R&D funding and to remove roadblocks to revenue generation.

Who Can Apply:

If you are a Connecticut-based company that in calendar years 2011, 2012 or 2013 has won an SBIR Phase II award, or significant funding from a non-SBIR federal award (credited to Connecticut), your company is eligible to apply.

Criteria

  1. Maximum Loan: $150,000 per company
  2. Loan interest: 5% per year (simple interest)
  3. Term: Not to exceed 3 years
  4. On each year's loan anniversary 1/3 of the loan will be paid back plus 5% simple interest

Contact

865 Brook Street
Rocky Hill, CT 06067

Angela Caponetto
P: 860-257-2896
W: Connecticut Innovations

Phases:

Scale

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