State awards 11 Innovation Grants
RALEIGH, N.C. — Innovation grants will assist 11 North Carolina companies in bringing cutting-edge products to the marketplace. Gov. Pat McCrory announced the latest round of One North Carolina Small Business Fund recipients along with awards totaling $544,967.
“North Carolina faces tremendous competition from other states who want our budding high-growth, high-wage companies,” said McCrory. “These grants help keep North Carolina in the race for our next home-grown success story.”
Recipients of One North Carolina Small Business Fund grants must first have been awarded a highly competitive federal Small Business Innovation Research or a Small Business Technology Transfer award. Funders of these awards for this round of grantees include the National Institutes of Health, the National Science Foundation, the Special Operations Command (Department of Defense) and the U.S. Army. The state matches up to half the federal money, with a $50,000 maximum per grant. The budget for this program is $2.5 million for Fiscal Year 2015.
Go here for a complete list of grant recipients and their projects. For more information about the One North Carolina Small Business Fund and how to apply and qualify for the grants, visit the N.C. Board of Science and Technology.