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Current as of January 01, 2024 | Updated by Findlaw Staff
In order to be eligible for a grant under this article, a small business must satisfy all of the following conditions:
(1) The small business must be a for-profit, West Virginia-based business;
(2) For the Phase I and/or Phase II Matching program the small business must have received a SBIR/STTR Phase I or SBIR/STTR Phase II award from a participating federal agency in response to a specific federal solicitation. To receive the full match for the Phase I award, the small business must also have submitted a final Phase I report, demonstrated that the sponsoring agency has an interest in a Phase II proposal, and submitted a Phase II proposal to the agency; To receive the Phase II match, the small business must have submitted the final progress report to the funding agency;
(3) The small business must satisfy all federal SBIR/STTR requirements;
(4) The small business shall not receive concurrent funding support from other sources that duplicates the purpose of this article;
(5) The small business must certify that at least 51 percent of the research described or to be described in the federal SBIR/STTR Phase II proposal will be conducted in this state and that the small business will remain a West Virginia-based business for the duration of the SBIR/STTR Phase II project; and
(6) The small business must demonstrate its ability to conduct research in its SBIR/STTR Phase II proposal.
Cite this article: FindLaw.com - West Virginia Code Chapter 5B. Economic Development Act of 1985 § 5B-8-3. Eligibility - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-5b-economic-development-act-of-1985/wv-code-sect-5b-8-3/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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