Tuesday, August 01, 2006

Grants Available For Small Businesses

The state is now accepting applications for One North Carolina Small Business Fund matching grants. These grants enable North Carolina’s small businesses to conduct the research and technology development that will generate the kinds of innovation critical to the future growth of our state’s economy. The One North Carolina Small Business Fund was approved by the N.C. General Assembly last year, with $1 million allocated for the first round of grants. Two dozen companies received grants last year. This year, the General Assembly approved an additional $5 million for the program in the budget.

For a business to be considered for a One North Carolina Small Business Fund grant, it must already have qualified for a federal Small Business Innovation Research or a Small Business Technology Transfer award. Under the One North Carolina Small Business Fund program’s guidelines, the state matches the federal money, with a $100,000 maximum per grant.

The application and more information on these matching grants can be found at: http://www.ncscienceandtechnology.org/OneNCSmallBusinessProgram/SBIRProgram_MatchSolicitation_NCBST–FY0607M.htm.

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