Illinois SBIR/STTR Match Program (Notice of Funding Opportunity 2382-2419)

This program will provide a state match to companies that have received a Phase I award through a federal SBIR or STTR grant program. The maximum award under this program may not exceed $50,000. Seventy-five percent (75%) of the total grant shall be remitted to the business upon receipt of the SBIR/STTR Phase I award and application for funds. The remaining twenty-five percent (25%) of the total grant shall be remitted to the business upon submission by the business of the Phase II application to the federal funding agency and acceptance of the Phase I report by the federal funding agency. This program utilizes state funds appropriated by the Illinois General Assembly to the Department of Commerce and Economic Opportunity.