SBIR/STTR Match Program
Description
The SBIR/STTR Match Program, offered by the Illinois Department of Commerce and Economic Opportunity, is designed to provide state matching funds for businesses that have received Phase I awards through federal SBIR or STTR grant programs. The program aims to foster innovation and support job creation and economic development within Illinois. Eligible applicants are for-profit businesses based in Illinois that have secured a Phase I SBIR or STTR award. The program offers up to $50,000 per award, with 75% of the grant disbursed upon receipt of the Phase I award and the remainder upon submission and acceptance of a Phase II application. The total funding available is $5 million, and the program anticipates making 100 awards.