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:2/1/2020)... ... 2020 , ... Liver cancer, called hepatocellular carcinoma (HCC), occurs each year in ... HCC is the 5th most common cancer and the 2nd leading cause of cancer ... incidence of HCC, while China has half of all patients suffering from liver cancer. ...
(Date:1/29/2020)... ... 29, 2020 , ... VGXI, a world leading contract manufacturer ... vaccine against the novel coronavirus (2019-nCoV) that has recently emerged in Wuhan, China ... million from the Coalition for Epidemic Preparedness Innovations (CEPI) will fund the vaccine ...
(Date:1/27/2020)... DIEGO (PRWEB) , ... January 27, 2020 , ... ... Thorne as Chairman. Thorne is a noted investor, tech entrepreneur, and former senior ... as Executive Chairman of Broadline Capital, the global alternative investment firm. , ...
Breaking Biology News(10 mins):
(Date:1/22/2020)... ... January 21, 2020 , ... Microbial Discovery ... Southern Midwest Region Industrial and Institutional (I&I) Account Manager. Darrell will focus on ... , Darrell brings over 30 years of sales experience working across multiple different ...
(Date:1/10/2020)... ... January 09, 2020 , ... GenScript Biotech Corp., ... Biotech Global Forum on Jan. 14 in San Francisco, coinciding with the JP ... and the Booming China Market," will feature gene and cell therapy leaders in ...
(Date:1/7/2020)... Mass. (PRWEB) , ... January 06, 2020 , ... ... for a Digital World at The Fletcher School at Tufts University, is pleased ... Sloan Foundation. The grant will be administered by Tufts University, and will help ...
(Date:12/30/2019)... EGG HARBOR TOWNSHIP, N.J. (PRWEB) , ... December ... ... premier manufacturer of custom built, helium-based leak testing instruments for the Pharmaceutical, Biotechnology, ... its new SIMS Version 1.11.19 21 CFR Part 11 compliant software program specific ...
Breaking Biology Technology:
Cached News: