The One North Carolina Small Business Program offers two grant opportunities for small businesses in the state. The Incentive Funds initiative provides reimbursement to qualified businesses for a portion of the costs incurred in preparing and submitting Phase I SBIR or STTR proposals to federal agencies. A pool of $400,000 is available for these preparation grants in the 2023-24 fiscal year.

The Matching Funds portion of the program awards matching funds to businesses who have already received a federal Phase I SBIR or STTR award. In the current fiscal year, a pool of more than $2.4 million is available to support this class of grants.

To apply for either the Incentive or Matching grant solicitations, interested organizations can visit commerce.nc.gov/grants-incentives/technology-funds/one-north-carolina-small-business-program. Applications will be accepted until June 30, 2024, or until funds have been exhausted for the program’s 2023-24 fiscal year funding cycle.