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SBIR/STTR Matching Fund

SBIR/STTR Matching Fund

FY25 Program Guidelines

The SBIR/STTR Matching Fund, administered by LaunchTN (via the State of Tennessee), aims to advance the development and commercialization of innovative technologies by matching successful Tennessee applications to the SBIR/STTR programs and other competitive federal commercialization programs.

The SBIR/STTR Matching Fund is an important tool that bolsters entrepreneurship in the state by incentivizing the allocation of federal dollars through the SBIR/STTR programs and other commercialization programs to Tennessee companies pursuing the research and development of innovative technologies with commercialization potential while also providing additional funding to accelerate the development of early stage, job-creating Tennessee companies.

The presence of a SBIR/STTR Matching Fund is a major factor to retain and recruit tech-based startups to the state, as it incentivizes the best and brightest companies and professionals in Tennessee to build their technologies here.

The SBIR/STTR Matching Fund is an important tool that bolsters entrepreneurship in the state by incentivizing the allocation of federal dollars through the SBIR/STTR programs and other commercialization programs to Tennessee companies pursuing the research and development of innovative technologies with commercialization potential while also providing additional funding to accelerate the development of early stage, job-creating Tennessee companies.

The SBIR/STTR Matching Fund, administered by LaunchTN (via the State of Tennessee), aims to advance the development and commercialization of innovative technologies by matching successful Tennessee applications to the SBIR/STTR programs and other competitive federal commercialization programs.

FY25 Program Guidelines

The presence of a SBIR/STTR Matching Fund is a major factor to retain and recruit tech-based startups to the state, as it incentivizes the best and brightest companies and professionals in Tennessee to build their technologies here.

  • Company’s Notice of Award must be between July 1, 2023 and June 30, 2024. LaunchTN may also consider awards that fall within 30 days of the eligibility window, or applications from previous program years from companies that have never received an SBIR/STTR Matching Fund award and meet all other eligibility requirements subject to the availability of funds.
  • Company should be a startup and small business (less than 500 employees) contributing to the overall economic development of Tennessee and should be aligned with LaunchTN’s mission to support entrepreneurship and innovation across the state.
  • Companies must be able to demonstrate a pathway to commercialization.
  • By accepting a Matching Fund award, a company commits to remaining headquartered in Tennessee for at least 24 months post-award, and to semi-annual reporting with LaunchTN. 
    • Previously awarded companies that do not complete the LaunchTN annual reporting requirement will not be considered for funding. 
  • Companies agree to participate in LaunchTN’s entrepreneur programming, events, and workshops.
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  • Companies with key focus technologies in the life sciences, advanced energy, agriculture, or mobility industries.
  • Companies that are first time applicants both to federal SBIR/STTR or other federal commercialization programs and to LaunchTN’s SBIR/STTR Matching Fund.
  • Companies who received commercialization support from LaunchTN that led to an application to the SBIR/STTR Matching Fund.
  • Companies that are in counties under-represented in SBIR/STTR awards (Opportunity Zones, Tier 3 & 4 counties) or that certify that they are owned and controlled by Socially and Economically Disadvantaged Individuals (SEDI).
  • Companies that have licensed technology from or are collaborating with Tennessee research institutions participating in the Tennessee Technology Advancement Consortium (TTAC).
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Award Information

Award Information

Please note the application will require the following documents to be attached:
  • Notice of Award (or, in some cases, Selection Decision Letter) from the granting federal agency
  • Winning SBIR/STTR or other federal commercialization grant application
  • Use of funds for Matching Fund award
  • Company Articles of Incorporation

Phase I awards will be matched up to $100,000. Phase II awards will be matched up to $300,000.

*Awards will be delivered to companies in two tranches.

Applications will open on July 8, 2024 at 9 a.m. CT and close on July 19, 2024 at 11:59 p.m. CT. Applications received after July 19, 2024 will be provisionally considered, based on availability of funds. Your application will not be considered complete, nor will your place in the funding queue be reserved, until all proper documentation is confirmed and received via email by LaunchTN. Applicants will be notified of funding decisions in mid-September 2024. Once your application has been submitted, requests made to LaunchTN employees or affiliates regarding funding status prior to mid-September will not receive a response in order to ensure a fair and efficient review process.

Have you received an SBIR/STTR award between July 1, 2023 and June 30, 2024?

Submit your application to the SBIR/STTR Matching Fund.

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