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Application Period For Small Business Grants Underway

Applications are now being accepted for a new round of grantmaking from the One North Carolina Small Business Program, a key source of capital for North Carolina’s emerging technology companies.

The One NC Small Business Program works in conjunction with two federal technology grants, the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Following recent changes, the state program can support North Carolina companies as they prepare and submit initial proposals to the federal government, as well as provide grants to match previously awarded federal grants.

The One North Carolina Small Business Program’s Incentive Funds and Matching Funds initiatives are administered by the North Carolina Department of Commerce on behalf of the North Carolina Board of Science, Technology & Innovation (BSTI). Grant awards help small businesses in the state develop and commercialize innovative new technologies, in the process growing jobs and investment in their communities.

The Incentive Funds initiative provides reimbursement to qualified North Carolina businesses for a portion of the costs incurred in preparing and submitting proposals to federal agencies. In the 2022-23 fiscal year, a pool of $314,000 is available for these preparation grants. The Matching Funds portion of the program, which has been offered for many years, awards matching funds to North Carolina businesses who have already received a federal Phase I award.

Applications to the One North Carolina Small Business Program can be accepted until June 30, 2023, or until funds have been exhausted for the program’s 2022-23 fiscal year funding cycle. Details on how to apply for either the Incentive or Matching grant solicitations, as well as additional program information and application instructions, are posted at: commerce.nc.gov/grants-incentives/technology-funds/one-north-carolina-small-business-program.