§ 15-3-706. Application requirements
(a) To request a matching grant under this subchapter, an applicant shall complete and submit the application forms prescribed by the Division of Science and Technology of the Arkansas Economic Development Commission under § 15-3-704. (b) An applicant shall submit an application for each federal Phase I and federal Phase II grant proposal for which […]
§ 15-3-707. Matching grant awards
(a) A matching grant awarded under this subchapter: (1) Shall not: (A) Be awarded under this subchapter unless offered in writing by the Director of the Arkansas Economic Development Commission; and (B) Exceed fifty percent (50%) of the federal Small Business Innovation Research award, up to: (i) Fifty thousand dollars ($50,000) for a matching grant […]
§ 15-3-708. Program funding
Matching grants awarded under this subchapter are limited by the amount of funds allocated to the Arkansas Small Business Innovation Research Matching Grant Program created under this subchapter.
§ 15-3-709. Rules
The Division of Science and Technology of the Arkansas Economic Development Commission shall promulgate rules to carry out the purposes of this subchapter.
§ 15-3-701. Title
This subchapter shall be known and may be cited as the “Arkansas Small Business Innovation Research Matching Grant Program”.
§ 15-3-702. Legislative findings
The General Assembly finds that: (1) The federal Small Business Innovation Research Program encourages innovative small businesses to engage in federal research and commercialization that has the potential for technological innovation and commercialization; (2) Stimulating research and commercialization grows the economy by leveraging investment, creating exportable products and services, and creating and retaining high-wage, high-tech […]
§ 15-3-703. Definitions
As used in this subchapter: (1) “Eligible business” means a for-profit business that: (A) Is registered as a business entity in good standing with the Secretary of State; and (B) Has its principal place of business in Arkansas; (2) “Matching grant” means a discretionary grant of up to fifty percent (50%) of the amount of […]
§ 15-3-704. Administration
(a) (1) The Arkansas Small Business Innovation Research Matching Grant Program is created. (2) The Division of Science and Technology of the Arkansas Economic Development Commission shall administer the program. (b) The division shall: (1) Create application forms to be submitted by eligible businesses seeking a matching grant from the program; (2) Devise an application […]
§ 15-3-705. Eligibility
(a) To be eligible for a matching grant under this subchapter, an applicant shall: (1) Be an eligible business; and (2) Certify that: (A) The eligible business: (i) For Phase I applications, has received a Small Business Innovation Research grant from a sponsoring agency in response to a specific federal solicitation; or (ii) For Phase […]