When used in this article: “Department” means the West Virginia Department of Commerce. “SBIR” means the Small Business Innovation Research Program enacted under the Small Business Innovation Development Act of 1982, Pub. L. 97-219, 15 U.S.C. § 638. “STTR” means the Small Business Technology Transfer Program enacted under the Small Business Technology Transfer Act of […]
The West Virginia Small Business Innovation Research and Small Business Technology Transfer Matching Funds Program is established. It shall be administered by the department which is hereby authorized to promulgate legislative rules governing the program. In order to foster job creation and economic development in the state, the department may provide grants to eligible small […]
In order to be eligible for a grant under this article, a small business must satisfy all of the following conditions: (1) The small business must be a for-profit, West Virginia-based business;
(a) A small business shall apply, under oath, to the department on forms prescribed by the department that include at least the following: (1) The name of the small business, the form of business organization under which it is operated, and the names and addresses of the principals and management of the small business;
(a) The department may award a “WV Phase Zero Grant” of $2500 upon submission of a Phase I SBIR/STTR proposal or Fast track SBIR/STTR proposal. The WV Phase Zero grant shall be remitted to the small business upon notification from the granting agency of the receipt of a submission for an SBIR/STTR Phase I or […]
