Matching Grant
The Elevate Vermont Matching Grant provides up to $50,000 to help Vermont businesses commercialize SBIR/STTR-funded innovations not covered by federal awards.
Funder: Vermont Agency of Commerce and Community Development
Due Dates: Rolling
Funding Amounts: Up to $50,000 per eligible federal SBIR/STTR award; non-competitive; maximum of five grants per business lifetime.
Summary: Supports Vermont-based businesses with SBIR/STTR Phase I or II awards by providing matching funds for commercialization costs not covered by federal funds.
Key Information: Applications are reviewed first-come, first-served until funds are exhausted.
Description
The Matching Grant, administered by the Vermont Agency of Commerce and Community Development through Elevate Vermont, provides non-competitive matching grants of up to $50,000 to Vermont-based businesses that have received a federal SBIR or STTR Phase I or II award. The grant is designed to support commercialization expenses, such as marketing, market research, sales material development, and other costs not covered by federal SBIR/STTR funds. The goal is to help companies bring new products to market and accelerate the commercialization of innovative technologies developed with federal support.
