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:8/15/2019)... ... August 15, 2019 , ... ... what? As serialization mandates become increasingly complex, and aggregation becomes fully applied in ... software is the best long-term solution. , Until now, most regulations?including the Drug ...
(Date:8/14/2019)... , ... August 14, 2019 , ... ... 4Q/2019, will explore how developments in microbiome therapeutics are helping to promote normal ... for more information. , Advancements will educate about the DECODE.DESIGN.CURE™ technology platform, which ...
(Date:8/14/2019)... TORONTO (PRWEB) , ... August 14, 2019 , ... Join ... live session on Tuesday, September 10, 2019 at 1pm EDT to learn ... stratification and effective management. , NAFLD is the most common diffuse liver disease, ...
Breaking Biology News(10 mins):
(Date:7/19/2019)... AUBURN, Mass. (PRWEB) , ... July 18, 2019 ... ... PI (Physik Instrumente) announced their investment to enlarge their current piezo motion facilities ... building will offer 3 floors for multilayer piezo ceramic assembly production in addition ...
(Date:7/17/2019)... COLLEGE PARK, Md. (PRWEB) , ... July 15, 2019 , ... ... cut DNA so that a certain trait can be removed, replaced, or edited, but ... Maryland, is looking far beyond these traditional applications in his latest publication in Nature ...
(Date:7/17/2019)... ... July 16, 2019 , ... Quidel is ... from Kalorama Information. Abbott, Roche and Siemens Healthineers and Response Biomedical also are ... Worldwide Market for Point-of-Care (POC) Diagnostics . , Quidel is a market ...
(Date:7/9/2019)... ... July 08, 2019 , ... Today, at the BIO World Congress ... Growers Association (NCGA) announced the winners of the Consider Corn Challenge II. Three ... using field corn to produce biobased materials. , “Corn is a sustainable, abundant ...
Breaking Biology Technology:
Cached News: