Florida Institute for the Commercialization of Public Research Launches the $3M Florida Research Commercialization Matching Grant Program

 

Company Contact: Jane Teague Interim Executive Director Florida Institute for the Commercialization of Public Research (561) 368-8889 jane.teague@florida-institute.com

Florida Institute for the Commercialization of Public Research Launches the $3M Florida Research Commercialization Matching Grant Program

Program awards grants up to $50,000 (Phase I) or $250,000 (Phase II) to help companies bring products to market

Boca Raton, Fla. – The Florida Institute for the Commercialization of Public Research (the Institute) announces the launch of the Florida Research Commercialization Matching Grant Program.

“The program is designed to increase federal funding to Florida technology companies,” explained Jane Teague, interim executive director of the Institute. “This will help them accelerate the innovation process and transform research results into marketable products and technologies.”

One-time awards of up to $50,000 for Phase I and up to $250,000 for Phase II grants are available for qualifying applicants who have previously received Federal SBIR or STTR Phase I or Phase II grant awards. Grants for Phase I applicants must have been awarded on or after January 1, 2010. Grants for Phase II applicants must have been awarded on or after January 1, 2009, and all applicants must have an active grant project underway.

The Matching Grant Program is designed to be a catalyst for small or start-up companies that can take advantage of federal and state grant funding in order to accelerate their growth and market penetration by helping to overcome the funding gap faced by many small companies. The grant, established by Florida’s Office of Tourism, Trade and Economic Development (OTTED) and Enterprise Florida, will be administered by the Florida Institute for the Commercialization of Public Research.

For more information, visit www.florida-institute.com.

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About the Institute: Founded in 2007 as a non-profit organization, the Institute is Florida’s One-Stop-Shop for investors and entrepreneurs who seek to identify new opportunities based on technologies developed through publicly-funded research. The Institute facilitates new venture creation through commercially-viable technologies in major industries that are driving the global economy. The Institute also administers the Florida Research Commercialization Matching Grant Program. For more information, visit www.florida-institute.com.

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