HOME >> BIOLOGY >> NEWS
20 Kentucky firms share $1.9 million from state to match federal SBIR-STTR awards

FRANKFORT, Ky. -- Governor Ernie Fletcher, who has worked to make Kentucky a leader in supporting innovative small businesses, today announced that 20 Kentucky high-technology start-ups will share nearly $1.9 million in state matching funds as part of an initiative to attract and support high-tech small businesses.

State matching funds are awarded to companies that win grants in Phases 1 and 2 of the federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer Research (STTR) programs. Kentucky is the first state to match both phases of the federal grants, providing comprehensive funding.

Kentucky is a leader when it comes to supporting our innovative small businesses, and the number of companies expressing an interest in this program proves that, said Governor Fletcher. These grants will be used to develop new technologies into commercial products. As these Kentucky start-up companies grow and prosper, they will repay our investment many times over by providing high-paying jobs for our citizens.

The announced matching grants range from $69,999 to $100,000 per company for their Phase 1 research, which tests the feasibility of a concept or technology. Kentucky also has started matching federal awards for Phase 2 research and development, during which a company aims at making the technology ready for commercialization. The maximum state match for Phase 2 federal awards is up to $500,000 per year for up to two years. The opportunity for recipients of Phase 1 and Phase 2 federal awards to earn up to $1.1 million in matching funds from Kentucky has drawn attention to the nationally advertised program from high-tech firms in other states that are interested in relocating to Kentucky.

The 20 Kentucky firms receiving matching funds specialize in human health and development, information technology and communications, bioscience, energy and environmental technologies, and materials science and advanced
'"/>

Contact: Paul Boisvert
Paul.Boisvert@ky.gov
502-564-7670
Kentucky Cabinet for Economic Development
25-Jul-2007


Page: 1 2

Related biology news :

1. Kentucky first state to match federal SBIR-STTR Phase 1 and Phase 2 grants
2. University of Kentucky author captures national attention with Lost Mountain
3. University of Kentucky awarded $6 million for GDNF and related research
4. Kentucky Geological Survey involved in global climate change research
5. Cornell lab confirms deadly fish virus spreading to new species
6. WHO data confirms low level of resistance to Tamiflu
7. Study confirms the risk of exposure to secondhand tobacco smoke outdoors
8. Developed/emerging market biotech firms convene at largest-ever meeting with global health focus
9. FSU anthropologist confirms Hobbit indeed a separate species
10. Remote latrine reconfirms the presence of Essene sect at Qumran
11. Updated Iraq survey affirms earlier mortality estimates

Post Your Comments:
*Name:
*Comment:
*Email:


(Date:6/14/2017)... , June 15, 2017  IBM (NYSE: IBM ) ... international tech event dedicated to developing collaboration between startups and ... on June 15-17. During the event, nine startups will showcase ... value in various industries. France ... the international market, with a 30 percent increase in the ...
(Date:5/16/2017)... , May 16, 2017  Veratad Technologies, LLC ( ... online age and identity verification solutions, announced today they ... Conference 2017, May 15 thru May 17, 2017, in ... and International Trade Center. Identity impacts ... and in today,s quickly evolving digital world, defining identity ...
(Date:5/6/2017)... RAM Group , Singaporean based ... in biometric authentication based on a novel  ... to perform biometric authentication. These new sensors are based on ... Ram Group and its partners. This sensor will have ... and security. Ram Group is a next generation ...
Breaking Biology News(10 mins):
(Date:8/15/2017)... ... August 15, 2017 , ... Kapstone Medical is proud ... successes helping medical technology companies and inventors develop and safeguard their latest innovations. ... engineering firm with a portfolio of clients in the United States and around the ...
(Date:8/15/2017)... ... August 15, 2017 , ... Pittcon is pleased to ... and scientific instruments. This year’s symposium, organized by the Pittcon 2018 program chair, ... Bioanalytical Applications.” This dynamic presentation will discuss novel ionization processes, high throughput IMS-MS ...
(Date:8/15/2017)... ... August 15, 2017 , ... Kenall, a leader in sealed ... stay tightly sealed and perform efficiently for years. The downlights are ideal for ... aren't enough, such as: hospitals; behavioral health facilities; cleanrooms; containment areas; food and ...
(Date:8/15/2017)... ... August 15, 2017 , ... Coffea ... various biotic and abiotic factors. During this educational webinar, participants will learn about ... well as gain a better understanding of how genomics is important for coffee ...
Breaking Biology Technology:
Cached News: