Alabama is teeming with homegrown talent and big ideas that have the potential to change the way we live, work and play.
We want to bridge connections and resources for innovative small businesses generating transformative research and technology. That’s why we created the Innovate Alabama Supplemental Grant Program.
These program grants are non-dilutive, meaning you get the money without giving up shares of your company. Eligible applicants (all you dreamers, movers and shakers) have already proven value and viability. Now it’s time for us back you up with additional funding to help move your idea from concept to commercialization.
The Innovate Alabama Supplemental Grant Program awards funds to Alabama-based companies that have been granted Phase I or Phase II awards through the Federal Small Business Innovation Research Program (SBIR) or Federal Small Business Technology Transfer Program (STTR). If you are not yet based in Alabama, you may be able to qualify. See the guidelines.
The Innovate Alabama Supplemental Program will:
Grow Alabama’s economy
Stimulate research and commercialization
Develop exportable products and services
Create and retain high-wage jobs in skilled occupations
If you have received SBIR/STTR Phase I Awards, you are eligible to apply for 50% of your SBIR/STTR grant up to $100,000. If you have received SBIR/STTR Phase II Awards, you are eligible to apply for 50% of your SBIR/STTR grant up to $250,000.
If you have not received SBIR/STTR funds from a federal agency, Innovate Alabama partnered with BIO Alabama, Southern Research, HudsonAlpha, Innovation Depot and Innovation PortAL to host a virtual workshop to teach small businesses how to apply.
We hope you will take advantage of this free resource to learn from the experts about application best practices.
The Innovate Alabama Supplemental Grant application for the second round of funding will open January 17, 2023, and remain open for one month until February 17, 2023, at 5:00 p.m. CST. We will begin announcing awards before the end of March.
Are you interested in learning more about Alabama’s innovation ecosystem or have an idea about how we can further innovation in the state?
We encourage you to share your questions, comments, or ideas with us here.