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:
- Increase the success rate of NJ grant applications seeking federal funding for SBIR/STTR programs
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.
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.