Section R357-11-104 - Award Amounts(1) Subject to available funds, a micro-grant may be awarded under the following terms: (a) a company may not be awarded more than one SBIR or STTR micro-grant within a 5 year period;(b) a company must work with the Utah Innovation Center to prepare and submit a Phase I proposal;(c) a standard award may not exceed $3,000; and(d) a company that is minority- or women-owned or located in a rural county may receive an additional award of $2,000 for a total award amount of $5,000.(2) Subject to available funds, a nonrecourse loan may be awarded under the following terms: (a) a company must have received a prior SBIR or STTR Phase I award;(b) a company must work with the Utah Innovation Center to prepare and submit a corresponding Phase II proposal;(c) a company shall receive no more than two nonrecourse loans;(d) a standard award shall not exceed $50,000; and(e) a company that is minority- or women-owned or located in a rural county may receive an additional award of $10,000 for a total award amount of $60,000.Utah Admin. Code R357-11-104
Adopted by Utah State Bulletin Number 2022-22, effective 10/27/2022