Greg Reed, President Pro Tempore of the Alabama State Senate and Vice Chair of the Alabama Innovation Corporation. “The Innovate Alabama Supplemental Grant Program is the product of intentional collaboration between Alabama’s innovation ecosystem and my colleagues in the Alabama Legislature,” said state Sen. “Innovate Alabama wants to bridge connections and resources like this grant program to support these innovative small businesses generating transformative research and technology.” “Accessible capital is routinely among the greatest needs of our state’s entrepreneurs,” said Alabama Director of Finance and Alabama Innovation Corporation Chair Bill Poole. “Alabamians have the grit, determination and creativity to make these ideas a reality, and with Innovate Alabama’s supplemental funding, these small businesses will take their ideas from concept to commercialization.”Īccording to a 2021 report by the US Small Business Administration, Alabama is now among 20 states that have implemented robust supplemental grants for both Phase I and Phase II SBIR/STTR winners.
“The Innovate Alabama Supplemental Grant Program is the latest way our state is creating an attractive business environment for pioneering ideas that will change our world,” said Governor Ivey.
In addition to helping the state’s leading entrepreneurs and innovators, dispersing these funds will grow Alabama’s economy by stimulating research and commercialization, developing exportable products and services and creating and retaining high-wage jobs in skilled occupations. Alabama-based recipients of Phase I and Phase II Federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are eligible to apply for up to $250,000 in supplemental funding. MONTGOMERY- Governor Kay Ivey on Tuesday announced that the Alabama Innovation Corporation (Innovate Alabama) opened applications for the Innovate Alabama Supplemental Grant Program.
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