CSIT SBIR/STTR Direct Financial Assistance Program

 

The CSIT SBIR/STTR Direct Financial Assistance Program aims to enhance the innovative economy in NJ through financial support to NJ small businesses seeking to or participating in the federal SBIR/STTR program.

The program has three objectives, which are geared towards accelerating the growth of the innovation economy in the State:

  1. Increase the success rate of NJ grant applications seeking federal funding for SBIR/STTR programs
  2. Reduce the financial burden for small NJ companies that have won Phase I, Fast Track, or Direct to Phase II Awards/Contracts through the federal SBIR/STTR Program.

  3. Increase success and maximize growth of small NJ companies in moving from Phase I to Phase II of the SBIR/STTR Federal program

The CSIT board has approved $1,250,000 for the SBIR/STTR Direct Financial Assistance Program.

 

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