74-8108. Small business innovation research matching grant bridge financing programs.
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74-8108. Small business innovation research matching grant bridge financing programs.
(a)The secretary is directed to develop a small business innovation research
(SBIR)matching grant program which meets the highest current standards for state matching grants to federal phase I SBIR program. Prior to establishing the SBIR matching grant program, the secretary shall conduct a survey and analysis of the most effective SBIR matching grant programs existing in other states.
(b)The secretary is hereby directed to establish a small business innovation research bridge financing fund. Such fund shall provide grants, loans, royalty or equity investment to firms that have previously received federal phase I SBIR moneys and that have applied for a phase II SBIR grant.