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NC H965
Bill
Status
Engrossed
6/10/2021
Primary Sponsor
Jake Johnson
Click for details
AI Summary
- Increases maximum Phase I grant reimbursement from $3,000 to $12,000 for eligible businesses applying for federal SBIR/STTR grants
- Allows businesses to receive two grants per year instead of one, with grants to businesses partnered with public higher education institutions exempt from the maximum limitation
- Raises Phase I matching funds maximum from $100,000 to $200,000 and increases lifetime award limit from five to ten awards
- Appropriates $2,000,000 in recurring funds for fiscal years 2021-2022 and 2022-2023, plus $7,000,000 in nonrecurring COVID-19 pandemic supplemental funds for fiscal year 2021-2022
- Effective dates: appropriations effective July 1, 2021; remaining provisions effective upon enactment
Legislative Description
SBIR/STTR Incentive Modifications
Appropriations
Last Action
Ref To Com On Rules and Operations of the Senate
6/10/2021
Committee Referrals
Rules and Operations of the Senate6/10/2021
Rules, Calendar, and Operations of the House6/9/2021
Appropriations5/12/2021
Full Bill Text
No bill text available