Industry Innovation Program
Forecasted
The Industry Innovation Program by the Oklahoma Center for the Advancement of Science and Technology funds advanced R&D to help Oklahoma companies commercialize innovations in biotech, aerospace, defense, and energy.
Funder: Oklahoma Center for the Advancement of Science and Technology
Due Dates (Anticipated): January 2027
Funding Amounts: Up to $500,000 per project for 1–3 years; requires 1:1 non-state match.
Summary: Supports Oklahoma companies advancing innovation projects in key sectors toward commercialization and measurable economic impact.
Key Information: 51% of work must occur in Oklahoma; targeted industries include biotech, aerospace, defense, and energy diversification.
Description
The Industry Innovation Program provides non-dilutive funding to Oklahoma-based companies leading innovation projects with strong potential for commercial success and economic impact in Oklahoma. The program is focused on projects in biotechnology/life sciences, aerospace, autonomous systems, defense, and energy diversification (including oil and gas innovation). Funding is intended to help companies hire technical talent, form partnerships, acquire equipment and supplies, and move technologies closer to market launch, all while generating measurable outcomes such as job creation, increased revenues, and capital investment that benefit both the company and the state.
